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
Williams, James B.
25 Park Place
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
May 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Director
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 |3/6/98|F | |4,254 |D |74.06 | | | |
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|3/31/9|F | |28,360 |D |75.37 |777,957 |D | |
|8 | | | | | | | | |
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| | | | | | |72,328 |I |(1) |
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| | | | | | |24,000 |I |(2) |
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| | | | | | |122,000 |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 |5/29/|D | |D |D |5/29/|5/29/|Common Stock|8,488 |$79.31 |33,951 |D | |
) (5) | |98 | | | | |98 |98 | | | | | | |
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Option (6) |$30.25 | | | | | |3/21/|8/7/2|Common Stock|200,000| |200,000 |D | |
| | | | | | |98 |005 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Held by SunTrust Bank, Atlanta as Trustee for children not living in same
household, beneficial ownership is
disclaimed.
(2) Restricted stock held under 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. Plan is exempt under Rule
16(b)-3.
(3) Held under The Betty A. and James B. Williams Foundation, Inc., beneficial
ownership is disclaimed.
(4) The reported phantom stock units were acquired at various times and prices
under SunTrust Banks, Inc.'s
401(k) excess benefit
plan.
(5) Conversion of phantom stock units in connection with
retirement.
(6) Non-qualified options contain a tax withholding feature allowing stock to
be withheld to satisfy tax
withholding obligations.
SIGNATURE OF REPORTING PERSON
/s/ James B. William by Raymond Fortin, Power of Attorney
DATE
June 8, 1998
