UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Humann, L. Phillip
303 Peachtree Street
Atlanta, GA 30303
USA
2. Issuer Name and Ticker or Trading Symbol
SunTrust Banks, Inc.
STI
3. IRS or Social Security Number of Reporting Person (Voluntary)
58-1575035
4. Statement for Month/Year
August 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman, President & CEO, SunTrust Banks, Inc.
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |8/14/9|P | |15,000 |A |66.73 |28,582 |D | |
|8 | | | | | | | | |
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| | | | | | |150,000 |I |(1) |
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| | | | | | |479 |I |(2) |
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| | | | | | |23,953 |I |401(k) |
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| | | | | | |33,200 |I |Spouse |
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| | | | | | |330,000 |I |(3) |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Phantom Stock Units (4|1 for 1 |(4) | | | | |(4) |(4) |Common Stock|4,802 |(4) |4,802 |D | |
) | | | | | | | | | | | | | | |
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Option (5) |30.00 | | | | | |8/8/1|8/8/2|Common Stock|33,000 | |33,000 |D | |
| | | | | | |995 |005 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Held by Humann Partners,
L.P.
(2) Held in trust by spouse for members of immediate
family.
(3) Restricted stock held under 1986 SunTrust Executive Stock Plan and 1995
SunTrust Executive Stock Plan.
Subject to certain performance and/or vesting conditions. Restricted stock
agreements contain tax withholding
features allowing stock to be withheld to satisfy tax withholding obligations.
Both plans are exempt under Rule
16(b)-3.
(4) The reported phantom stock units were acquired at various times and prices
under SunTrust Banks, Inc.'s
401(k) excess benefit
plan.
(5) The option becomes exercisable in 10% increments over 10 years or in the
event of death, disability or
change of control pursuant to the 1995 Executive Stock
Plan.
SIGNATURE OF REPORTING PERSON
/s/ L. Phillip Humann by Raymond Fortin, Power of Attorney
DATE
September 1, 1998
