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Shareholders' Equity
9 Months Ended
Sep. 30, 2013
Shareholders' Equity  
Shareholders' Equity

NOTE 8. Shareholders' Equity

 

Equity-Based Plans

 

At September 30, 2013, BB&T had options, restricted stock and restricted stock units outstanding from the following equity-based compensation plans: the 2012 Plan, the 2004 Plan, the Omnibus Plan, and the Directors' Plan. BB&T's shareholders have approved all equity-based compensation plans. As of September 30, 2013, the 2012 Plan is the only plan that has shares available for future grants. The 2012 and 2004 Plans allow for accelerated vesting of awards for holders who retire and have met all retirement eligibility requirements and in connection with certain other events.

 

The fair value of each option award on the date of grant is measured using the Black-Scholes option-pricing model.

    Nine Months Ended September 30, 
    2013 2012 
            
 Weighted average assumptions:        
  Risk-free interest rate  1.3%   1.5% 
  Dividend yield  3.6    4.4  
  Volatility factor  28.0    33.0  
  Expected life  7.0yrs   7.0yrs 
 Fair value of options per share$ 5.48  $ 6.07  

     Wtd. Avg. 
     Exercise 
   Options Price 
        
 Outstanding at January 1, 2013 45,391,074 $ 34.15 
  Granted 403,720   30.08 
  Exercised (2,363,379)   26.22 
  Forfeited or expired (4,243,943)   32.83 
 Outstanding at September 30, 2013 39,187,472   34.73 
        
 Exercisable at September 30, 2013 32,429,855   36.09 
        
 Exercisable and expected to vest at September 30, 2013 38,663,225 $ 34.83 

     Wtd. Avg. 
   RestrictedGrant Date 
   Shares/Units Fair Value 
 Nonvested at January 1, 2013 13,930,824 $ 19.26 
  Granted 3,964,954   25.59 
  Vested (2,273,217)   22.26 
  Forfeited (249,128)   20.13 
 Nonvested at September 30, 2013 15,373,433 $ 20.43