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*
HORSLEY RICHARD D
(Last) (First) (Middle)
P O BOX 10247
(Street)
BIRMINGHAM AL 352020247
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
VCh & CEO Business Enterprises
3. Date of Earliest Transaction (Month/Day/Year)
07/19/2006
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)
Code V Amount (A) or (D) Price
Common Stock 07/19/2006 X 49,384 A $22.6 645,517 D
Common Stock 07/19/2006 X 24,692 A $22.6 670,209 D
Common Stock 07/19/2006 X 15,845 A $22.6 686,054 D
Common Stock 07/19/2006 X 49,384 A $25.02 735,438 D
Common Stock 07/19/2006 X 24,692 A $25.02 760,130 D
Common Stock 07/19/2006 X 20,697 A $25.02 780,827 D
Common Stock 07/19/2006 F 145,250 D $31.92 635,577 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $22.6 07/19/2006 X 49,384 01/16/2002 01/16/2011 Common Stock 49,384 $22.6 0.00 D
Stock Option $22.6 07/19/2006 X 24,692 01/16/2003 01/16/2011 Common Stock 24,692 $22.6 0.00 D
Stock Option $22.6 07/19/2006 X 15,845 01/16/2004 01/16/2011 Common Stock 15,845 $22.6 8,847 D
Stock Option $25.02 07/19/2006 X 49,384 01/22/2003 01/22/2012 Common Stock 49,384 $25.02 0.00 D
Stock Option $25.02 07/19/2006 X 24,692 01/22/2004 01/22/2012 Common Stock 24,692 $25.02 0.00 D
Stock Option $25.02 07/19/2006 X 20,697 01/22/2005 01/22/2012 Common Stock 20,697 $25.02 3,995 D
Phantom Stock Units (401k)(1) $0.00(1) (1) (1) Common Stock 4,088 4,088 D
Stock Option $31.39 10/09/1998 10/09/2007 Common Stock 5,679 5,679 D
Stock Option $31.39 10/09/1999 10/09/2007 Common Stock 3,185 3,185 D
Stock Option $33.48 04/09/1999 04/09/2008 Common Stock 29,423 29,423 D
Stock Option $33.49 04/09/2000 04/09/2008 Common Stock 2,985 2,985 D
Stock Option $28.88 08/30/2000 08/30/2009 Common Stock 28,946 28,946 D
Stock Option $28.88 01/01/2001 08/30/2009 Common Stock 3,462 3,462 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 12/20/2005 02/19/2010 Common Stock 19,251 19,251 D
Stock Option $25.66 02/19/2006 02/19/2010 Common Stock 3,898 3,898 D
Stock Option $28.17 04/21/2005 04/21/2011 Common Stock 41,154 41,154 D
Stock Option $28.17 12/20/2005 04/21/2011 Common Stock 78,757 78,757 D
Stock Option $28.17 04/21/2007 04/21/2011 Common Stock 3,549 3,549 D
Stock Option $33.82 12/20/2005 10/15/2011 Common Stock 150,940 150,940 D
Stock Option $34.66 (2) 12/20/2012 Common Stock 112,867 112,867 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 December 20, 2006, 2007 and 2008.
By: Ronald C. Jackson 07/20/2006
** 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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