FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Yates William Rufus
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
(Last)          (First)          (Middle)

PO BOX 1250
3. Date of Earliest Transaction (MM/DD/YYYY)

7/26/2017
(Street)

WINSTON-SALEM, NC 27102-1250
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   7/26/2017     M    14562.0000   A $30.0800   34886.8620   D    
Common Stock   7/26/2017     M    13953.0000   A $30.0900   48839.8620   D    
Common Stock   7/26/2017     S    28515.0000   D $47.0712   (1) 20324.8620   D    
Common Stock                  18951.1520   (2) I   By 401(k)  
Common Stock                  1699.8180   I   By ESOP  
Common Stock                  13808.0000   I   By Family Trust  
Common Stock                  8192.0000   I   By Father  
Series F Nonconvertible Perpetual Preferred Stock                  7345.0000   I   By Father  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $30.0900   7/26/2017     M         13953.0000    2/21/2013   (3) 2/21/2022   Common Stock   13953.0000   $0.0000   0.0000   D    
Stock Option (right to buy)   $30.0800   7/26/2017     M         14562.0000    2/26/2014   (4) 2/26/2023   Common Stock   14562.0000   $0.0000   0.0000   D    
Stock Option (right to buy)   $32.1000                    3/15/2017   (5) 2/23/2026   Common Stock   8139.0000     8139.0000   D    
Stock Option (right to buy)   $37.5500                    2/25/2015   (6) 2/25/2024   Common Stock   10204.0000     10204.0000   D    
Stock Option (right to buy)   $38.2200                    3/15/2016   (7) 2/24/2025   Common Stock   12357.0000     12357.0000   D    

Explanation of Responses:
(1)  The price in Column 4 is a weighted average price. The prices actually received ranged from $47.005 to $47.170. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
(2)  Includes 539.071 shares acquired between January 1, 2017 and June 30, 2017, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2017 through June 30, 2017.
(3)  The option is exercisable in four equal annual installments beginning on 02/21/2013.
(4)  The option is exercisable in three equal annual installments beginning on 02/26/2014.
(5)  On February 23, 2016, the reporting person was granted an option to purchase 24,418 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2017 were met, resulting in 8,139 options being earned.
(6)  On February 25, 2014, the reporting person was granted an option to purchase 10,204 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 2017 were met, resulting in 3,402 options being earned.
(7)  On February 24, 2015, the reporting person was granted an option to purchase 18,535 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2017 were met, resulting in 6,179 options being earned.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Yates William Rufus
PO BOX 1250
WINSTON-SALEM, NC 27102-1250


Sr. Executive Vice President

Signatures
Carla Brenwald, Attorney-in-fact 7/28/2017
** Signature of Reporting Person Date


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).
** 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.
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.
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