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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Options Expected to Vest
Range of
Exercise Prices
Number
Outstanding
12/31/07
Weighted-
Average
Remaining
Contractual
Life (yrs)
Weighted-
Average
Exercise
Price
$ 8.11 to $10.00 22,213 2.8 $ 8.57
10.01 to 15.00 160,903 2.3 12.35
15.01 to 25.00 2,342,797 2.2 23.44
25.01 to 35.00 6,446,084 4.2 31.83
35.01 to 45.00 26,203,435 6.4 38.70
45.01 to 53.10 79,509 1.4 49.21
35,254,941 5.7 $36.31
The aggregate intrinsic value of options outstanding, options exercisable and options expected to vest at
December 31, 2007 was $22 million each.
The following table details the activity during 2007 related to restricted shares and restricted share units
awarded by BB&T:
For the Year Ended
December 31, 2007
Shares/Units
Wtd. Avg.
Grant Date
Fair Value
Nonvested at beginning of period 2,430,052 $32.15
Granted 1,884,783 34.49
Vested (108,142) 32.79
Forfeited (212,252) 32.86
Nonvested at end of period 3,994,441 $33.20
At December 31, 2007, BB&T’s restricted shares and restricted share units had a weighted-average life of 3.6
years. At December 31, 2007, management estimates that 3.4 million restricted shares and restricted share units
will vest over a weighted-average life of 3.6 years.
Share Repurchase Activity
During the years ended December 31, 2007, 2006 and 2005, BB&T repurchased 7 million, 22 million, and
12 million shares of common stock, respectively. At December 31, 2007, BB&T was authorized to repurchase an
additional 44 million shares under the June 27, 2006, Board of Directors’ authorization.
NOTE 12. Accumulated Other Comprehensive Income (Loss)
The balances in accumulated other comprehensive loss as of December 31, 2007 and 2006 are shown in the
following tables:
As of December 31, 2007
Before-Tax
Amount Tax
Benefit After-Tax
Amount
(Dollars in millions)
Unrealized net losses on securities available for sale $ (45) $ (17) $ (28)
Unrecognized net pension and postretirement costs (127) (48) (79)
Foreign currency translation adjustment 3 — 3
Total $(169) $ (65) $(104)
105