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*
MALONE WALLACE D JR
(Last) (First) (Middle)
420 NORTH 20TH STREET, 34TH FLOOR
(Street)
BIRMINGHAM AL 35203
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHTRUST CORP [ SOTR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2004
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 01/15/2004 M 181,894 A $6.2084 3,794,685.5931(1) D
Common Stock 109,704 I Spouse
Common Stock 915,000 I Ltd. Partnership
Common Stock 42,164 I 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
Right to buy $6.2084 01/16/2004 M 181,894 01/19/1995 01/19/2004 common stock 198,002 $6.2084 0 D
Right to buy $6.375 01/18/1996 01/18/2005 common stock 194,512 194,512 D
Right to buy $6.375 01/17/1997 01/17/2005 common stock 15,684 15,684 D
Right to buy $8.4165 01/17/1998 01/17/2006 common stock 225,000 11,880 D
Right to buy $12.125 01/15/1999 01/15/2007 common stock 270,002 8,248 D
Right to buy $18.0833 01/27/1999 01/27/2008 common stock 294,472 294,472 D
Right to buy $18.0833 01/27/2000 01/27/2008 common stock 5,528 5,528 D
Right to buy $19.5 02/05/1998 02/05/2008 common stock 359,998 359,998 D
Right to buy $19.5 02/05/2002 02/05/2008 common stock 120,000 120,000 D
Right to buy $19.5 02/05/2003 02/05/2008 common stock 120,000 120,000 D
Right to buy $22 04/15/1998 01/21/2008 common stock 360,000 360,000 D
Right to buy $22 04/15/2001 04/15/2008 common stock 180,000 180,000 D
Right to buy $22 04/15/2002 04/15/2008 common stock 180,000 180,000 D
Right to buy $22 04/15/2003 04/15/2008 common stock 180,002 180,002 D
Right to buy $18.9063 01/20/2001 01/20/2009 common stock 344,712 344,712 D
Right to buy $18.9063 01/20/2001 01/20/2009 common stock 5,288 5,288 D
Right to buy $18.33 10/20/2000 10/19/2009 common stock 240,000 240,000 D
Right to buy $18.33 10/20/2001 10/19/2009 common stock 240,000 240,000 D
Right to buy $18.33 10/20/2002 10/19/2009 common stock 240,000 240,000 D
Right to buy $15.6875 01/19/2003 01/18/2010 common stock 350,000 6,374 D
Right to buy $20.03 01/16/2004 01/15/2011 common stock 350,000 350,000 D
Right to buy $24.02 01/16/2005 01/15/2012 common stock 350,000 350,000 D
Right to buy $26.18 01/14/2006 01/13/2013 common stock 3,819 3,819 D
Right to buy $26.18 01/14/2006 01/13/2013 common stock 346,181 346,181 D
Explanation of Responses:
1. Includes 1,047,929.1026 shares of common stock held in the profit sharing plan of the company and allocated to the reporting person's account, which shares of common stock are exempt from Section 16(b) by virtue of Rule 16B-3(b)(3). Does not include shares of common stock of the company held by the company's pension plan under circumstances where only cash balances are allocated to participants (rather than such shares of common stock) and as to which the reporting person does not possess voting or investment powers. Also includes 636.4905 shares of common stock held in the Employee Stock Ownership Plan as of 01/07/2004, and 1,143 shares purchased pursuant to the SouthTrust Discount Stock Payroll Purchase Plan on 12/31/2003.
Remarks:
John D. Buchanan - Attorney-in-fact 01/20/2004
** 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.