Sec Form 4 Filing - JONES CARL E JR @ REGIONS FINANCIAL CORP - 2006-07-03

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
JONES CARL E JR
 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
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
P O BOX 10247 		3. Date of Earliest Transaction (MM/DD/YY)
07/03/2006
(Street)
BIRMINGHAM, AL352020247 		4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 07/03/2006 F 14,746 D $ 33.39 797,665 D
Common Stock 33,071 I By Spouse
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY) 		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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (401k) $ 0 ( 1 ) ( 1 ) ( 1 ) Common Stock 16,117 16,117 ( 1 ) D
Stock Option $ 31.39 10/09/1998 10/09/2007 Common Stock 14,542 14,542 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 38,682 38,682 D
Stock Option $ 33.49 04/09/2000 04/09/2008 Common Stock 2,985 2,985 D
Stock Option $ 25.66 02/19/2004 02/19/2010 Common Stock 71,607 71,607 D
Stock Option $ 25.66 02/19/2005 02/19/2010 Common Stock 35,803 35,803 D
Stock Option $ 25.66 12/20/2005 02/19/2010 Common Stock 31,906 31,906 D
Stock Option $ 25.66 02/19/2006 02/19/2010 Common Stock 3,898 3,898 D
Stock Option $ 25.02 01/22/2003 01/22/2012 Common Stock 11,460 11,460 D
Stock Option $ 25.02 01/22/2004 01/22/2012 Common Stock 61,730 61,730 D
Stock Option $ 25.02 01/22/2005 01/22/2012 Common Stock 61,730 61,730 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONES CARL E JR
P O BOX 10247
BIRMINGHAM, AL352020247		 X
Signatures
By: Ronald C. Jackson 07/05/2006
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported phantom stock units were acquired under Regions' benefit plans.

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.