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^*

UPCHURCH SAMUEL E JR

(Last)

(First)

(Middle)

P O BOX 10247

(Street)

BIRMINGHAM

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Dir Corp & Strat Initiatives

3. Date of Earliest Transaction (Month/Day/Year)
01/18/2006

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)
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	01/18/2006		A		32,867	A	$0	187,600	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)
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)
Phantom Stock Units (401k)	$0.00⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	40,070		40,070	D
Stock Option	$18.17							01/03/1997	01/03/2006	Common Stock	12,346		12,346	D
Stock Option	$31.39							10/09/1998	10/09/2007	Common Stock	4,876		4,876	D
Stock Option	$33.48							04/09/1999	04/09/2008	Common Stock	13,889		13,889	D
Stock Option	$28.88							08/30/2000	08/30/2009	Common Stock	13,889		13,889	D
Stock Option	$25.66							02/19/2004	02/19/2010	Common Stock	24,692		24,692	D
Stock Option	$25.66							02/19/2005	02/19/2010	Common Stock	12,346		12,346	D
Stock Option	$25.66							12/20/2005	02/19/2010	Common Stock	8,448		8,448	D
Stock Option	$25.66							02/19/2006	02/19/2010	Common Stock	3,898		3,898	D
Stock Option	$16.28							03/15/2001	03/15/2010	Common Stock	18,519		18,519	D
Stock Option	$22.6							01/16/2002	01/16/2011	Common Stock	12,346		12,346	D
Stock Option	$22.6							01/16/2003	01/16/2011	Common Stock	6,173		6,173	D
Stock Option	$22.6							01/16/2004	01/16/2011	Common Stock	6,173		6,173	D
Stock Option	$28.17							04/21/2005	04/21/2011	Common Stock	37,038		37,038	D
Stock Option	$28.17							12/20/2005	04/21/2011	Common Stock	70,527		70,527	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	90,000		90,000	D
Stock Option	$25.02							01/22/2003	01/22/2012	Common Stock	15,433		15,433	D
Stock Option	$25.02							01/22/2004	01/22/2012	Common Stock	7,716		7,716	D
Stock Option	$25.02							01/22/2005	01/22/2012	Common Stock	7,716		7,716	D
Stock Option	$34.66							⁽²⁾	12/20/2012	Common Stock	79,007		79,007	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	01/18/2006
	** 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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