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 |
|
|||||||||||||||
|
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*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
BB&T CORP [ BBT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 09/30/2016 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
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 | 09/30/2016 | A | 20,236(1) | A | $0.0000 | 31,335.312(2) | D | |||
Common Stock | 09/30/2016 | A | 11,179(3) | A | $0.0000 | 42,514.312 | D | |||
Common Stock | 09/30/2016 | A | 5,269(4) | A | $0.0000 | 47,783.312 | D | |||
Common Stock | 09/30/2016 | A | 3,636(5) | A | $0.0000 | 51,419.312 | D | |||
Common Stock | 8,495.631(6) | I | By 401(k) |
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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $37.55 | 09/30/2016 | A | 6,326 | 02/25/2015(7) | 02/25/2024 | Common Stock | 6,326 | $0.0000 | 18,976 | D | ||||
Stock Option (right to buy) | $38.22 | 09/30/2016 | A | 21,799 | 03/15/2016(8) | 02/24/2025 | Common Stock | 21,799 | $0.0000 | 32,698 | D | ||||
Stock Option (right to buy) | $32.1 | 09/30/2016 | A | 41,963 | 03/15/2017(9) | 02/23/2026 | Common Stock | 41,963 | $0.0000 | 41,963 | D | ||||
Stock Option (right to buy) | $44.15 | 02/20/2008(10) | 02/20/2017 | Common Stock | 41,077 | 41,077 | D | ||||||||
Stock Option (right to buy) | $30.09 | 02/21/2013(11) | 02/21/2022 | Common Stock | 11,190 | 11,190 | D | ||||||||
Stock Option (right to buy) | $34.29 | 02/26/2009(12) | 02/26/2018 | Common Stock | 54,138 | 54,138 | D | ||||||||
Stock Option (right to buy) | $30.08 | 02/26/2014(13) | 02/26/2023 | Common Stock | 26,952 | 26,952 | D |
Explanation of Responses: |
1. On February 23, 2016, the reporting person was granted 20,236 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on March 15, 2017 and April 1, 2017. |
2. Includes 0.003 shares acquired in June 2016, under the Issuer's Dividend Reinvestment Plan. |
3. On February 24, 2015, the reporting person was granted 16,768 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of 5,589 restricted stock units. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on March 15, 2017 and April 1, 2017. |
4. On February 25, 2014, the reporting person was granted 15,808 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of 5,270 restricted stock units. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on February 25, 2017. |
5. On December 31, 2015, the reporting person was granted 3,636 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on February 15, 2017 and April 1, 2017. |
6. Includes 60.652 shares acquired between April 1, 2016 and June 30, 2016, under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated April 1, 2016 through June 30, 2016. |
7. On February 25, 2014, the reporting person was granted an option to purchase 18,976 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of the option as to 6,326 shares. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable. |
8. On February 24, 2015, the reporting person was granted an option to purchase 32,698 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of the option as to 10,899 shares. . Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable. |
9. On February 23, 2016, the reporting person was granted an option to purchase 41,963 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable. |
10. The option is exercisable in five equal annual installments beginning on 2/20/2008. |
11. The option is exercisable in four equal annual installments beginning on 02/21/2013. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable. |
12. The option is exercisable in five equal annual installments beginning on 2/26/2009. |
13. The option is exercisable in three equal annual installments beginning on 02/26/2014. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable. |
Carla Brenwald, Attorney-in-fact | 10/04/2016 | |
** 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. |