FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Callihan Margaret L		 2. Issuer Name and Ticker or Trading Symbol

SUNTRUST BANKS INC [ STI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEVP Chief HR Officer
(Last)          (First)          (Middle)

303 PEACHTREE STREET, NE		 3. Date of Earliest Transaction (MM/DD/YYYY)

12/6/2019
(Street)

ATLANTA, GA 30308
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/6/2019  D  21289.034 D (1)0 D 
 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units  (2)12/6/2019  D     1412.929  2/14/2020 2/14/2020 Common Stock 1412.929  (3)0 D 
 
Phantom Stock Units  (2)12/6/2019  D     1328.38  2/13/2020 2/13/2020 Common Stock 1382.38  (4)0 D 
 
Phantom Stock Units  (2)12/6/2019  D     1328.277  2/13/2021 2/13/2021 Common Stock 1328.277  (4)0 D 
 
Phantom Stock Units  (2)12/6/2019  D     5360.32  2/8/2020 2/8/2020 Common Stock 5360.32  (5)0 D 
 
Phantom Stock Units  (2)12/6/2019  D     5359.287  2/8/2021 2/8/2021 Common Stock 5359.287  (6)0 D 
 
Phantom Stock Units  (2)12/6/2019  D     5359.288  2/8/2022 2/8/2022 Common Stock 5359.288  (6)0 D 
 
Phantom Stock Units  (7)12/6/2019  A   14729.292    2/14/2020 2/14/2020 Common Stock 14729.292  (7)14729.292 D 
 
Phantom Stock Units  (7)12/6/2019  A   12293.531    2/13/2021 2/13/2021 Common Stock 12293.531  (7)12293.531 D 
 
Phantom Stock Units  (8)12/6/2019  D     14729.292  2/14/2020 2/14/2020 Common Stock 14729.292  (9)0 D 
 
Phantom Stock Units  (8)12/6/2019  D     12293.531  2/13/2021 2/13/2021 Common Stock 12293.531  (10)0 D 
 
Explanation of Responses:
(1) Disposed of in connection with the Agreement and Plan of Merger by and between SunTrust Banks, Inc. ("SunTrust") and BB&T, dated February 7, 2019 and amended as of June 14, 2019 (the "Merger Agreement"), pursuant to which SunTrust merged with and into BB&T, effective December 6, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of SunTrust common stock was exchanged for 1.295 shares of BB&T common stock. The closing price of BB&T common stock on the New York Stock Exchange on the effective date of the Merger was $54.24. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of SunTrust common stock.
(2) Represents time-vested restricted stock units, each convertible into one share of SunTrust common stock, under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a BB&T time-vested restricted stock unit convertible into shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Each BB&T time-vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
(3) These time-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate 1,830 shares of BB&T common stock.
(4) These time-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate 1,720 shares of BB&T common stock.
(5) These time-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate 6,942 shares of BB&T common stock.
(6) These time-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate 6,940 shares of BB&T common stock.
(7) Represents performance-vested restricted stock units, each convertible into one share of SunTrust common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the satisfaction of all performance vesting conditions in connection with the Merger pursuant to the terms of the Merger Agreement. Awards remain subject to service-based vesting requirements, including a one-year deferral for awards as a result of performance-vesting conditions being met in excess of 130% of target.
(8) Represents performance-vested restricted stock units, each convertible into one share of SunTrust common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a BB&T restricted stock unit convertible into shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Each BB&T restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust performance-vested restricted stock unit immediately prior to the effective time of the Merger.
(9) These performance-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate of 19,074 shares of BB&T common stock.
(10) These performance-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate of 15,920 shares of BB&T common stock.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Callihan Margaret L
303 PEACHTREE STREET, NE
ATLANTA, GA 30308

CEVP Chief HR Officer
Signatures
Curt Phillips, Attorney-in-Fact for Margaret L. Callihan12/9/2019
**Signature of Reporting PersonDate
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