Ricky Brown Form 4 BB&T / Ricky Brown ownership change

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

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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^*

Brown Ricky

(Last) (First) (Middle)

PO BOX 1250

(Street)

WINSTON-SALEM NC 27102-1250

(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. Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2016

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/23/2016		A		8,439(1)	A	$0.0000	142,618.129	D
Common Stock	02/23/2016		A		8,265(2)	A	$0.0000	150,883.129	D
Common Stock	02/23/2016		A		2,052(3)	A	$0.0000	152,935.129	D
Common Stock								48,514.394	I	By 401(k)
Common Stock								287	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$37.55	02/23/2016		A		9,921		02/25/2015(4)	02/25/2024	Common Stock	9,921	$0.0000	19,841	D
Stock Option (right to buy)	$38.22	02/23/2016		A		16,458		03/15/2016(5)	02/24/2025	Common Stock	16,458	$0.0000	16,458	D
Stock Option (right to buy)	$44.15							02/20/2008(6)	02/20/2017	Common Stock	52,362		52,362	D
Stock Option (right to buy)	$30.09							02/21/2013(7)	02/21/2022	Common Stock	73,776		73,776	D
Stock Option (right to buy)	$27.73							02/22/2012(8)	02/22/2021	Common Stock	57,010		57,010	D
Stock Option (right to buy)	$27.75							02/23/2011(9)	02/23/2020	Common Stock	71,062		71,062	D
Stock Option (right to buy)	$34.29							02/26/2009(10)	02/26/2018	Common Stock	73,295		73,295	D
Stock Option (right to buy)	$30.08							02/26/2014(11)	02/26/2023	Common Stock	42,233		42,233	D

Explanation of Responses:

1. On February 24, 2015, the reporting person was granted 25,320 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 8,439 restricted stock units.

2. On February 25, 2014, the reporting person was granted 24,793 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 8,265 restricted stock units.

3. Performance Based Restricted Stock Units granted February 26, 2013 on which the performance criteria has been met. The shares will vest on February 26, 2016.

4. On February 25, 2014, the reporting person was granted an option to purchase 29,763 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 9,921 shares.

5. On February 24, 2015, the reporting person was granted an option to purchase 49,375 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 16,458 shares.

6. The option is exercisable in five equal annual installments beginning on 2/20/2008.

7. The option is exercisable in four equal annual installments beginning on 02/21/2013.

8. The option is exercisable in four equal annual installments beginning 2/22/2012.

9. The option is exercisable in four equal annual installments beginning on 02/23/2011.

10. The option is exercisable in five equal annual installments beginning on 2/26/2009.

11. The option is exercisable in three equal annual installments beginning on 02/26/2014.

	Sallie Stone, Attorney-in-fact	02/25/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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