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  • f3x4j8wl f3x4j8wl Jan 30, 2004 9:20 PM Flag

    Wilson NC, Birthplace of BBT

    Employees that are classified at a certain job grade and above receive options. Last years options were the last ones to vest over a 3 year period. Beginning this year options will vest over a 5 year period. These options are granted around the middle of February at the regular closing price of the day. I would not be surpised to find out that the senior leadership teams options are granted at a discount. Last years options were proced at $32.66, 2002's options were priced at 36.84, and 2001's were proced at $36.59. As you can see they are pretty worthless. We receive around 1000 - 1300 shares.

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