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
Hoepner, Theodore J.
200 S. Orange Avenue
Orlando, FL 32801
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)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President, Chairman & CEO, SunTrust Banks of Florida, 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
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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 |8/17/9|G |V|640 |D | |28,756 |D | |
|8 | | | | | | | | |
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| | | | | | |15,341 |I |Spouse |
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| | | | | | |18,196 |I |401(k) |
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| | | | | | |145,000 |I |(1) |
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| | | | | | |300 |I |(2) |
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| | | | | | |340 |I |(3) |
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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) |Common Stock|8,440 |(4) |8,440 |D | |
) | | | | | | | | | | | | | | |
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Option (5) | | | | | | |11/14|11/14|Common Stock|8,800 |11.19 |8,800 |D | |
| | | | | | |/89 |/99 | | | | | | |
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Option (6) | | | | | | |8/8/9|8/8/2|Common Stock|33,000 |30.25 |33,000 |D | |
| | | | | | |5 |004 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Restricted stock held under 1986 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.
(2) In trust for father (John W.
Hoepner).
(3) In trust for children (Hoepner Children's
Trust).
(4) The reported phantom stock units were acquired at various times and prices
under SunTrust Banks, Inc.'s
401(k) excess benefit
plan.
(5) Granted pursuant to the 1986 SunTrust Executive Stock
Plan.
(6) The option becomes exercisable in 10% increments over 10 years or in the
event of death, disability or
change in control. This option was granted pursuant to the 1995 SunTrust
Executive Stock Plan.
SIGNATURE OF REPORTING PERSON
/s/ Theodore J. Hoepner by Raymond Fortin, Power of Attorney
DATE
September 1, 1998
