Statement of Changes in Beneficial Ownership (4)

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 ^* Koebler Ellen	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) Chief Risk 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/6/2019		D		4598.463	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 Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. 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 Date		7. 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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽²⁾	12/6/2019		D			4443.88	11/14/2020	11/14/2020	Common Stock	4443.88	⁽³⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			4442.838	11/14/2021	11/14/2021	Common Stock	4442.838	⁽⁴⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			1406.955	2/13/2020	2/13/2020	Common Stock	1406.955	⁽⁵⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			1405.894	2/13/2021	2/13/2021	Common Stock	1405.894	⁽⁶⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			1639.906	2/14/2020	2/14/2020	Common Stock	1639.906	⁽⁷⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			7567.207	2/8/2020	2/8/2020	Common Stock	7567.207	⁽⁸⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			7566.175	2/8/2021	2/8/2021	Common Stock	7566.175	⁽⁹⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			7566.173	2/8/2022	2/8/2022	Common Stock	7566.173	⁽⁹⁾	0	D
Phantom Stock Units	⁽²⁾	12/6/2019		D			37235.583	10/1/2022	10/1/2022	Common Stock	37235.583	⁽¹⁰⁾	0	D
Phantom Stock Units	⁽¹¹⁾	12/6/2019		A		17091.215		2/14/2020	2/14/2020	Common Stock	17091.215	⁽¹¹⁾	17091.215	D
Phantom Stock Units	⁽¹¹⁾	12/6/2019		A		13017.672		2/13/2021	2/13/2021	Common Stock	13017.672	⁽¹¹⁾	13017.672	D
Phantom Stock Units	⁽¹²⁾	12/6/2019		D			17091.215	2/14/2020	2/14/2020	Common Stock	17091.215	⁽¹³⁾	0	D
Phantom Stock Units	⁽¹²⁾	12/6/2019		D			13017.672	2/13/2021	2/13/2021	Common Stock	13017.672	⁽¹⁴⁾	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 Corporation ("BB&T"), dated February 7, 2019 and amended as of June 14, 2019 (the "Merger Agreement"), pursuant to which SunTrust was 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 retricted 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 time-vested restricted stock units convertible into an aggregate of 5,755 shares of BB&T common stock.
(4)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate of 5,753 shares of BB&T common stock.
(5)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate of 1,822 shares of BB&T common stock.
(6)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate of 1,821 shares of BB&T common stock.
(7)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate of 2,124 shares of BB&T common stock.
(8)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate 9,800 shares of BB&T common stock.
(9)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate 9,798 shares of BB&T common stock.
(10)	These time-vested restricted stock units were replaced with BB&T time-vested restricted stock units convertible into an aggregate 48,220 shares of BB&T common stock.
(11)	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.
(12)	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.
(13)	These performance-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate of 22,133 shares of BB&T common stock.
(14)	These performance-vested restricted stock units were replaced with BB&T restricted stock units convertible into an aggregate of 16,858 shares of BB&T common stock.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Koebler Ellen 303 PEACHTREE STREET, NE ATLANTA, GA 30308			Chief Risk Officer