SEC Form 5

FORM 5
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
[ ]Form 3 Holdings Reported
[ ]Form 4 Transactions Reported 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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* Lathem, Dr. J.     Ernest (Last)                      (First)                      (Middle) P O Box 1250 (Street) Winston-Salem, NC     27102-250 (City)                      (State)                      (Zip)	2. Issuer Name and Ticker or Trading Symbol BB&T Corporation   (BBT)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable)            X          Director                           10% Owner                         Officer                             Other Officer/Other Description                               7. Individual or Joint/Group     Filing (Check Applicable Line) X   Individual Filing       Joint/Group Filing
	3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)	4. Statement for     Month/Day/Year     December 31, 2002 5. If Amendment,     Date of Original     (Month/Day/Year)

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 (D) Of     (Instr. 3, 4, and 5)         Amount      |         A/D         |         Price	5. Amount of     Securities     Beneficially     Owned at     End of     Issuer's Fiscal     Year     (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	11/12/2002		G	268,085.000   |           D           |	55,167.000	D
Common Stock	11/12/2002		G	268,085.000   |           A           |	268,085.000	I	By Family Partnership
Common Stock					8,138.000	I	By Spouse
Common Stock					5,800.000	I	IRA Rollover Willow Practice Trust

If the form is filed by more than one reporting person, see instruction 4(b)(v). 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 control number. (over)
SEC 2270 (7-02)

Lathem, Dr. J. Ernest - December 31, 2002

Form 5 (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)	3A. Deemed       Execution       Date, if       any       (Month/       Day/       Year)	4. Transaction     Code	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     Year     (Instr.4)	10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
Stock Option (right to buy)	$26.7641						Common Stock - 4,147		4,147	D
Stock Option (right to buy)	$23.2375						Common Stock - 1,484		1,484	D
Stock Option (right to buy)	$20.7438						Common Stock - 5,567		5,567	D
Stock Option (right to buy)	$25.5031						Common Stock - 1,352		1,352	D
Stock Option (right to buy)	$28.1100						Common Stock - 4,482		4,482	D
Stock Option (right to buy)	$28.1400						Common Stock - 1,119		1,119	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               __________________
** Signature of Reporting Person                         Date

Power of Attorney

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