Edgar Filing: ASKEW WILLIAM E

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ASKEW WILLIAM E

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)
EVP, Cnsmr & Bsns Bnkng-Retail

(Last)

(First)

(Middle)

P O BOX 10247

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2004

(Street)

BIRMINGHAM, AL 352020247

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	11/08/2004		X		17,492	A	$ 12.96	162,269.044	D
Common Stock	11/08/2004		X		2,261	A	$ 12.96	164,530.044	D
Common Stock	11/08/2004		F		9,626	D	$ 35.44	154,904.044	D
Common Stock (IRA)								249	D
Common Stock (IRA)								234	I	By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 12.96

11/08/2004

17,492

01/04/1996

01/04/2005

Common Stock

17,492

$ 12.96

Stock Option

$ 12.96

11/08/2004

2,261

01/04/1997

01/04/2005

Common Stock

2,261

$ 12.96

Phantom Stock Units (401k)

$ 0 ⁽¹⁾

⁽¹⁾

Common Stock

1,477

Stock Option

$ 18.17

01/03/1997

01/03/2006

Common Stock

10,734

Stock Option

$ 18.17

01/03/1998

01/03/2006

Common Stock

1,612

Stock Option

$ 31.39

10/09/1998

10/09/2007

Common Stock

4,876

Stock Option

$ 33.48

04/09/1999

04/09/2008

Common Stock

32,408

Stock Option

$ 28.88

08/30/2000

08/30/2009

Common Stock

32,408

Stock Option

$ 25.66

02/19/2004

02/19/2010

Common Stock

30,865

Stock Option

$ 25.66

02/19/2005

02/19/2010

Common Stock

15,433

Stock Option

$ 25.66

02/19/2006

02/19/2010

Common Stock

15,432

Stock Option

$ 16.28

03/15/2001

03/15/2010

Common Stock

74,076

Stock Option

$ 22.6

01/16/2002

01/16/2011

Common Stock

49,384

Stock Option

$ 22.6

01/16/2003

01/16/2011

Common Stock

24,692

Stock Option

$ 22.6

01/16/2004

01/16/2011

Common Stock

24,692

Stock Option

$ 28.17

⁽²⁾

04/21/2011

Common Stock

61,730

Stock Option

$ 33.82

⁽³⁾

10/15/2011

Common Stock

62,000

Stock Option

$ 25.02

01/22/2003

01/22/2012

Common Stock

49,384

Stock Option

$ 25.02

01/22/2004

01/22/2012

Common Stock

24,692

Stock Option

$ 25.02

01/22/2005

01/22/2012

Common Stock

24,692

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ASKEW WILLIAM E P O BOX 10247 BIRMINGHAM, AL 352020247			EVP, Cnsmr & Bsns Bnkng-Retail

Signatures

By: Ronald C. Jackson		11/09/2004
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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