4 1 cha6.htm FORM 4 SEC Form 4
FORM 4

[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
 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, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Chalk, W.     Kendall
(Last)                      (First)                      (Middle)
P O Box 1250

(Street)
Winston-Salem, NC     27102-1250
(City)                      (State)                      (Zip)
2. Issuer Name and Ticker
    or Trading Symbol

BB&T Corporation   (BBT)
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    (Month/Year)

    December 19, 2002

5. If Amendment,
    Date of Original
    (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

                        Director                           10% Owner
           X          Officer                             Other

Officer/Other
Description           Senior Executive Vice President
7. Individual or Joint/Group
    Filing (Check Applicable Line)

X   Individual Filing
      Joint/Group Filing
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)
2. Transaction Date
    (Month/Day/Year)
 3. Transaction
    Code
    and
    Voluntary
    Code
    (Instr. 8)

Code  |  V    
4. Securities Acquired (A) or Disposed (D) Of
    (Instr. 3, 4, and 5)



        Amount      |         A/D         |         Price          
5. Amount of
    Securities
    Beneficially
    Owned at
    End ofMonth

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct(D)
    or
    Indirect (I)

    (Instr. 4)
7. Nature of
     Indirect
     Beneficial
     Ownership

    (Instr. 4)
Common Stock
12/12/2002
   G | V  
746.000   |           D           |                  
D

Common Stock
12/19/2002
   M |     
2,538.000   |           A           |   $10.2155    
 28,432.000
D

Common Stock


48,098.559 (1)
I
By 401(k)
Common Stock


21,330.000
I
By Spouse







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).

(over)
SEC 1474 (3-99)
Chalk, W. Kendall - December 2002
Form 4 (continued)
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. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Transaction
    Date

    (Month/
    Day/
    Year)
 4. Transaction
    Code
    and
    Voluntary (V)
    Code
    (Instr.8)


Code | V    
5. Number of Derivative
    Securities Acquired (A)
    or Disposed (D) Of

    (Instr. 3,4 and 5)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)





  (DE)     |     (ED)  
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Derivative
    Security
    (Instr.5)
 9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    at End of
    Month
    (Instr.4) 		10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I) 		11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
Employee Stock Option (right to buy)
 $10.2155 12/19/2002
   M |     
    (D) 2,538
Common Stock - 2,538 $10.2155 7,136
D
Employee Stock Option (right to buy)
 $11.4655



Common Stock - 14,466
14,466
D
Employee Stock Option (right to buy)
 $9.3965



Common Stock - 20,646
20,646
D
Employee Stock Option (right to buy)
 $13.1875



Common Stock - 36,802
36,802
D
Employee Stock Option (right to buy)
 $20.1875



Common Stock - 24,768
24,768
D
Employee Stock Option (right to buy)
 $31.0000



Common Stock - 16,900
16,900
D
Employee Stock Option (right to buy)
 $36.3125



Common Stock - 15,222
15,222
D
Employee Stock Option (right to buy)
 $23.9375



Common Stock - 55,561
55,561
D
Employee Stock Option (right to buy)
 $36.5900



Common Stock - 39,409
39,409
D
Employee Stock Option (right to buy)
 $36.8400



Common Stock - 40,115
40,115
D











Explanation of Responses :


** 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.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number. 		By: Parris N. Adams, Attorney - in- fact
________________________________            12-19-2002    
** Signature of Reporting Person                         Date

W. Kendall Chalk

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SEC 1474 (3-99)
Chalk, W. Kendall - December 2002
Form 4 (continued)
FOOTNOTE Descriptions for BB&T Corporation (BBT)

Form 4 - December 2002

W. Kendall Chalk
P O Box 1250

Winston-Salem, NC 27102-1250
Explanation of responses:

(1)   Between July 1, 2002 and September 30, 2002, the reporting person acquired 349.731 shares of Common Stock under the Issuer's 401(k) plan. The information is this report is based on a plan statement dated as of September 30, 2002.
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