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BB&T CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables summarize information about BB&T’s stock option awards as of December 31, 2008:
Options Outstanding Options Exercisable
Range of
Exercise Prices
Number
Outstanding
12/31/08
Weighted-
Average
Remaining
Contractual
Life (yrs)
Weighted-
Average
Exercise
Price
Number
Exercisable
12/31/08
Weighted-
Average
Remaining
Contractual
Life (yrs)
Weighted-
Average
Exercise
Price
$ 8.11 to $10.00 22,055 1.8 $ 8.58 22,055 1.8 $ 8.58
10.01 to 15.00 87,380 2.0 12.07 87,380 2.0 12.07
15.01 to 25.00 1,975,759 2.1 23.53 1,780,189 1.3 23.40
25.01 to 35.00 11,483,116 6.8 33.27 5,649,094 4.3 32.23
35.01 to 45.00 28,223,420 5.6 38.88 19,048,919 4.9 38.03
45.01 to 50.71 45,774 1.0 48.05 45,774 1.0 48.05
41,837,504 5.7 36.55 26,633,411 4.5 35.73
Options Expected to Vest
Range of
Exercise Prices
Number
Outstanding
12/31/08
Weighted-
Average
Remaining
Contractual
Life (yrs)
Weighted-
Average
Exercise
Price
$ 8.11 to $10.00 22,055 1.8 $ 8.58
10.01 to 15.00 87,380 2.0 12.07
15.01 to 25.00 1,936,645 2.0 23.50
25.01 to 35.00 10,330,683 6.5 33.16
35.01 to 45.00 26,372,913 5.4 38.70
45.01 to 50.71 45,774 1.0 48.05
38,795,450 5.5 36.40
The aggregate intrinsic value of options outstanding, options exercisable and options expected to vest at
December 31, 2008 was $10 million, $9 million, and $10 million, respectively.
The following table details the activity during 2008 related to restricted shares and restricted share units
awarded by BB&T:
For the Year Ended
December 31, 2008
Shares/Units
Wtd. Avg.
Grant Date
Fair Value
Nonvested at beginning of period 3,994,441 $33.20
Granted 2,610,672 23.08
Vested (105,300) 30.57
Forfeited (240,464) 29.70
Nonvested at end of period 6,259,349 29.15
At December 31, 2008, BB&T’s restricted shares and restricted share units had a weighted-average life of 3.2
years. At December 31, 2008, management estimates that 5.4 million restricted shares and restricted share units
will vest over a weighted-average life of 3.2 years.
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