Ownership Submission
FORM 4
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Chancy Mark A
  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)
Corp. EVP and CFO
(Last)
(First)
(Middle)
303 PEACHTREE STREET
3. Date of Earliest Transaction (Month/Day/Year)
01/25/2007
(Street)

ATLANTA, GA 30308
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 01/25/2007   M   1,452 A $ 68.87 4,139 D  
Common Stock 01/25/2007   M   8,548 A $ 54.28 12,687 D  
Common Stock 01/25/2007   F   100 D $ 82.29 12,587 D  
Common Stock 01/25/2007   F   500 D $ 82.3 12,087 D  
Common Stock 01/25/2007   F   400 D $ 82.32 11,687 D  
Common Stock 01/25/2007   F   200 D $ 82.33 11,487 D  
Common Stock 01/25/2007   F   300 D $ 82.34 11,187 D  
Common Stock 01/25/2007   F   500 D $ 82.35 10,687 D  
Common Stock 01/25/2007   F   1,000 D $ 82.37 9,687 D  
Common Stock 01/25/2007   F   1,500 D $ 82.38 8,187 D  
Common Stock 01/25/2007   F   600 D $ 82.39 7,587 D  
Common Stock 01/25/2007   F   1,106 D $ 82.4 6,481 D  
Common Stock 01/25/2007   F   933 D $ 82.41 5,548 D  
Common Stock 01/25/2007   F   100 D $ 82.42 5,448 D  
Common Stock 01/25/2007   F   200 D $ 82.43 5,248 D  
Common Stock 01/25/2007   F   200 D $ 82.44 5,048 D  
Common Stock               602.032 I 401(k) (1)
Common Stock               2,000 I Restricted Stock (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (3) (3)               (3)   (3) Common Stock 169.6701   169.6701 D  
Option (4) $ 68.87 01/25/2007   M     1,452 07/27/2004 07/27/2011 Common Stock 1,452 $ 68.87 5,441 D  
Option (4) $ 64.57             11/13/2004 11/13/2011 Common Stock 2,500   2,500 D  
Option (4) $ 54.28 01/25/2007   M     8,548 02/11/2006 02/11/2013 Common Stock 8,548 $ 54.28 1,452 D  
Option (4) $ 73.19             02/10/2007 02/10/2014 Common Stock 10,000   10,000 D  
Option (5) $ 73.14             02/08/2008 02/08/2015 Common Stock 40,000   40,000 D  
Option (5) $ 71.03             02/14/2009 02/14/2016 Common Stock 45,000   45,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chancy Mark A
303 PEACHTREE STREET
ATLANTA, GA 30308
      Corp. EVP and CFO  

Signatures

 David A. Wisniewski, Attorney-in-Fact for Mark A. Chancy   01/26/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
(2) Restricted stock held under the SunTrust Banks, Inc. 2000 Stock Plan. Subject to certain vesting conditions. The agreement contains tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. The plan is exempt under Rule 16(b)-3.
(3) The phantom stock units were acquired under SunTrust Banks, Inc.'s 401(k) excess benefit plan. These securities convert to common stock on a one-for-one basis.
(4) Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
(5) Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.

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