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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 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*
THOMAS ELBERT L JR
(Last) (First) (Middle)
FIRST TENNESSEE NATIONAL CORPORATION
165 MADISON AVENUE
(Street)
MEMPHIS TN 38103
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST TENNESSEE NATIONAL CORP [ FTN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Interest Rate Risk Mgr
3. Date of Earliest Transaction (Month/Day/Year)
11/26/2003
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 11/26/2003 M 4,758 A $32.96 68,276 D
Common Stock 11/26/2003 M 15,163 A $30.48 83,439 D
Common Stock 11/26/2003 F 3,501 D $44.8 79,938 D
Common Stock 11/26/2003 F 10,317 D $44.8 69,621 D
Common Stock 11/26/2003 S 6,103 D $44.81 63,518 D
Common Stock 15,738(1) I 401(k) Plan
Common Stock 28,848 I by Revocable Trust
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 Options (Right to buy) $30.48 11/26/2003 M 15,163 02/23/2005 02/23/2011 Common Stock 15,163 $30.48 0 D
Stock Options (Right to buy) $32.96 11/26/2003 M 4,758 01/01/2000 07/01/2019 Common Stock 4,758 $32.96 0 D
Stock Options (Right to buy) $33.05 08/23/1999 02/23/2019 Common Stock 19,467 19,467 D
Stock Options (Right to buy) $34.88 04/21/2002 04/21/2008 Common Stock 6,426 6,426 D
Stock Options (Right to buy) $35.135 02/26/2002 03/01/2020 Common Stock 16,081 16,081 D
Stock Options (Right to buy) $35.14 02/26/2005 02/26/2009 Common Stock 12,561 12,561 D
Stock Options (Right to buy) $36.605 12/19/2001 04/21/2004 Common Stock 1,690 1,690 D
Stock Options (Right to buy) $36.605 12/19/2001 04/18/2006 Common Stock 5,191 5,191 D
Stock Options (Right to buy) $36.605 12/19/2001 07/01/2016 Common Stock 6,692 6,692 D
Stock Options (Right to buy) $37.795 02/11/2003 04/16/2007 Common Stock 5,431 5,431 D
Stock Options (Right to buy) $37.795 02/11/2003 02/24/2017 Common Stock 11,539 11,539 D
Stock Options (Right to buy) $37.795 02/11/2003 07/01/2017 Common Stock 4,499 4,499 D
Stock Options (Right to buy) $38.435 08/14/2002 03/01/2010 Common Stock 8,924 8,924 D
Stock Options (Right to buy) $38.435 08/14/2002 01/02/2017 Common Stock 6,900 6,900 D
Stock Options (Right to buy) $38.74 03/03/2006 03/03/2010 Common Stock 12,077 12,077 D
Stock Options (Right to buy) $40.13 04/20/2003 04/20/2009 Common Stock 10,279 10,279 D
Stock Options (Right to buy) $43.23 04/24/2003 02/19/2018 Common Stock 13,260 13,260 D
Stock Options (Right to buy) $43.23 04/24/2003 07/01/2018 Common Stock 5,046 5,046 D
Stock Options (Right to buy) $43.23 04/24/2003 01/03/2020 Common Stock 4,231 4,231 D
Stock Options (Right to buy) $44.65 05/27/2003 01/02/2018 Common Stock 3,807 3,807 D
Stock Options (Right to buy) $44.65 05/27/2003 01/04/2019 Common Stock 5,270 5,270 D
Stock Options (Right to buy) $44.65 05/27/2003 02/26/2022 Common Stock 4,478 4,478 D
Stock Options (Right to buy) $44.8 11/26/2003 A V 10,317 11/26/2003 02/23/2011 Common Stock 10,317 $0 10,317 D
Stock Options (Right to buy) $44.8 11/26/2003 A V 3,501 11/26/2003 07/01/2019 Common Stock 3,501 $0 3,501 D
Explanation of Responses:
1. End-of-period total includes adjustment reflecting exempt acquisitions under Issuer's 401(k) Plan. Information is as of the latest available statement.
Clyde A. Billings, Jr., attorney-in-fact on behalf of 12/01/2003
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.