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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
Of the Securities Exchange Act of 1934
April 28, 1999
Date of Report (Date of earliest event recorded)
BB&T Corporation
(Exact name of registrant as specified in its charter)
Commission file number: 1-10853
North Carolina 56-0939887
(State of Incorporation) (I.R.S. Employer Identification No.)
200 West Second Street
Winston-Salem, North Carolina 27101
(Address of Principal Executive Offices) (Zip Code)
(336) 733-2000
(Registrant's Telephone Number, Including Area Code)
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This Form 8-K has 3 pages.
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Item 5. Other Events
The purpose of this Current Report on Form 8-K is to announce that BB&T
Corporation's ("BB&T") Board of Directors, at their April 27, 1999 meeting,
approved a new plan to repurchase up to 10 million shares of BB&T common stock
as needed for issuance in specific business combinations to be accounted for as
purchases.
BB&T has a similar plan, approved by the Board of Directors in February
1998, that provided for the repurchase of up to 10 million shares of BB&T common
stock for issuance in specific business combinations to be accounted for as
purchases. Substantially all of the shares authorized under this plan have been
repurchased in connection with business combinations completed since February
1998 that were accounted for as purchases.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BB&T CORPORATION
(Registrant)
By: /S/ SHERRY A. KELLETT
Sherry A. Kellett
Senior Executive Vice President and Controller
(Principal Accounting Officer)
Date: April 28, 1999.
