BOYD BROS TRANSPORTATION INC (Form Type: 3, Filing Date: 01/08/2004)

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

BBT ACQUISTION CORP

2. Date of Event Requiring Statement (Month/Day/Year)

12/31/2003

3. Issuer Name and Ticker or Trading Symbol

BOYD BROS TRANSPORTATION INC [BOYD]

(Last)

(First)

(Middle)

3275 HIGHWAY 30

4. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed (Month/Day/Year)

(Street)

CLAYTON, AL 36016

(City)

(State)

(Zip)

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,934,516⁽¹⁾	I	By Dempsey Boyd, Frances S. Boyd, Gail B. Cooper and Ginger B. Tibbs

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options	09/08/2003⁽²⁾	01/16/2012	Common Stock	23,500	$2.67	I	By Gail B. Cooper
Stock Options	09/08/2003⁽²⁾	02/18/2012	Common Stock	20,000	$2.65	I	By Gail B. Cooper
Stock Options	09/08/2003⁽²⁾	01/16/2012	Common Stock	18,500	$2.67	I	By Ginger B. Tibbs
Stock Options	09/08/2003⁽²⁾	02/18/2012	Common Stock	2,500	$2.65	I	By Ginger B. Tibbs

Explanation of Responses:

On December 31, 2003, each of Dempsey Boyd, Frances S. Boyd, Gail B. Cooper and Ginger B. Tibbs entered into a Contribution Agreement with BBT Acquisition Corporation pursuant to which each such stock holder agreed to contribute the outstanding shares of Boyd Bros. common stock held by such stock holder to BBT Acquisition Corporation upon satisfaction of certain conditions contained in a Merger Agreement by and between BBT Acquisition Corporation and Boyd Bros. Transportation Inc. dated as of the same date.

All of such options became immediately exercisable on the above date due to certain market pricing conditions being met over a period of three trading days.

	Signatures
	/s/ Gail B. Cooper	01/08/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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