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).

(Print or Type Responses)
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*
Chalk, W.     Kendall

(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)

                        Director                           10% Owner
           X          Officer                             Other
          Senior Executive Vice President

7. Individual or Joint/Group Filing (Check Applicable Line)

X   Form filed by One Reporting Person
      Form filed by More than One Reporting Person
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    Month/Day/Year

    February 11, 2003


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
    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
    Following
    Reported
Transaction(s)

    (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
02/11/2003

   M |     
14,466.000   |           A           |   $11.4655      
42,898.000
D

Common Stock




48,386.457 (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).

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 1474 (9-02)

Chalk, W. Kendall - February 11, 2003
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)
3A. Deemed
      Execution
      Date, if
      any

      (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
    Following
    Reported
    Transactions
    (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)
Employee Stock Option (right to buy)
$11.4655 02/11/2003

   M |     
    (D) 14,466
Common Stock - 14,466 $11.4655 0
D

Employee Stock Option (right to buy)
$10.2155




Common Stock - 7,136
7,136
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                   02-12-2003    
** Signature of Reporting Person                         Date


Power of Attorney

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Chalk, W. Kendall - February 11, 2003
Form 4 (continued)
FOOTNOTE Descriptions for BB&T Corporation (BBT)

Form 4 - February 2003

W. Kendall Chalk
P O Box 1250

Winston-Salem, NC 27102-250

Explanation of responses:

(1)   Between October 1, 2002 and December 31, 2002, the reporting person acquired 287.897 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 December 31, 2002.
Page 3