SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MILLER PETER D

(Last)

(First)

(Middle)

P O DRAWER 937

(Street)

GAINESVILLE

303050937

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
REGIONS FINANCIAL CORP [ RF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Group CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2005

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

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/18/2005		X		49,384	A	$25.024	243,035.597	D
Common Stock	07/18/2005		X		24,692	A	$25.024	267,727.597	D
Common Stock	07/18/2005		X		20,697	A	$25.024	288,424.597	D
Common Stock	07/18/2005		F		77,401	D	$34.345	211,023.597	D
Common Stock								29,561	I	By Spouse
Common Stock								31,507	I	CLM Associates LFP
Common Stock								62,830	I	PDM Associates LP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$25.02	07/18/2005		X			49,384	01/22/2003	01/22/2012	Common Stock	49,384	$0	0.00	D
Stock Option	$25.02	07/18/2005		X			24,692	01/22/2004	01/22/2012	Common Stock	24,692	$0	0.00	D
Stock Option	$25.02	07/18/2005		X			20,697	01/22/2005	01/22/2012	Common Stock	20,697	$0	3,995	D
Phantom Stock Units (401k)	$0.00⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	4,736		4,736	D
Stock Option	$33.48							04/09/1999	04/09/2008	Common Stock	29,423		29,423	I	CLM Associates LFP
Stock Option	$33.48							04/09/1999	04/09/2008	Common Stock	2,985		2,985	D
Stock Option	$28.88							08/30/2000	08/30/2009	Common Stock	32,408		32,408	D
Stock Option	$25.66							02/19/2004	02/19/2010	Common Stock	46,298		46,298	D
Stock Option	$25.66							02/19/2005	02/19/2010	Common Stock	23,148		23,148	D
Stock Option	$25.66							02/19/2006	02/19/2010	Common Stock	23,149		23,149	D
Stock Option	$28.17							⁽²⁾	04/21/2011	Common Stock	111,114		111,114	D
Stock Option	$33.82							⁽³⁾	10/15/2011	Common Stock	90,000		90,000	D

Explanation of Responses:

1. The reported phantom stock units were acquired under Regions' benefit plans.

2. The option becomes exercisable in three equal installments on April 21, 2005, 2006 and 2007.

3. The option becomes exercisable in two equal installments on October 15, 2006 and 2007.

	By: Ronald C. Jackson	07/18/2005
	** 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.
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