SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

REED SCOTT E

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BB&T CORP [ (BBT) ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2003

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	08/15/2003		G	V	2,710	D	$0	79,237.853⁽¹⁾	D
Common Stock								57,930.844⁽²⁾	I	By 401(k)
Common Stock								18,749.728⁽³⁾	I	By Spouse

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$10.2155							03/01/1995	03/01/2004	Common Stock	6,544		6,544	D
Employee Stock Option (right to buy)	$9.3965							12/20/1995	12/20/2004	Common Stock	20,280		20,280	D
Employee Stock Option (right to buy)	$13.1875							12/19/1996	12/18/2005	Common Stock	36,168		36,168	D
Employee Stock Option (right to buy)	$20.1875							08/25/1997	02/24/2007	Common Stock	24,410		24,410	D
Employee Stock Option (right to buy)	$31							02/24/1999	02/23/2008	Common Stock	16,668		16,668	D
Employee Stock Option (right to buy)	$36.3125							02/23/2000	02/23/2009	Common Stock	14,957		14,957	D
Employee Stock Option (right to buy)	$23.9375							02/22/2001	02/22/2010	Common Stock	55,317		55,317	D
Employee Stock Option (right to buy)	$36.59							02/27/2002	02/27/2011	Common Stock	39,409		39,409	D
Employee Stock Option (right to buy)	$36.84							02/26/2003	02/26/2012	Common Stock	40,115		40,115	D
Employee Stock Option (Right to Buy)	$32.66							02/25/2004	02/25/2013	Common Stock	66,453		66,453	D

Explanation of Responses:

1. Includes 746.571 shares acquired in August, under the Issuer's Dividend Reinvestment Plan.

2. Between April 1, 2003 and June 30, 2003 , the reporting person acquired 434.316 shares of common stock under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated as of June 30, 2003.

3. Includes 170.816 shares acquired in August, under the Issuer's Dividend Reinvestment Plan.

Remarks:

	By: Parris N. Adams Attorney-in-fact	09/05/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.