Edgar Filing: AMSOUTH BANCORPORATION

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 ^*

MARTINEZ SUSAN A

2. Issuer Name and Ticker or Trading Symbol
AMSOUTH BANCORPORATION [ASO]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Sr. Executive Vice President

(Last)

(First)

(Middle)

1900 5TH AVENUE NORTH

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2006

(Street)

BIRMINGHAM, AL 35203

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	11/04/2006		D		33,771.821	D	⁽¹⁾	0	D
Common Stock	11/04/2006		D		8,635.1059	D	⁽¹⁾	0	I	By 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Employee Stock Option (Right to Buy)

$ 25.11

11/04/2006

4,498

03/10/1999

03/03/2008

Common Stock

4,498

⁽²⁾

Employee Stock Option (Right to Buy)

$ 28.75

11/04/2006

4,875

01/22/2000

01/21/2009

Common Stock

4,875

⁽²⁾

Employee Stock Option (Right to Buy)

$ 32.92

11/04/2006

1,500

03/16/2000

03/15/2009

Common Stock

1,500

⁽²⁾

Employee Stock Option (Right to Buy)

$ 16.0625

11/04/2006

27,399

02/12/2001

02/11/2010

Common Stock

27,399

⁽²⁾

Employee Stock Option (Right to Buy)

$ 17.02

11/04/2006

40,000

01/31/2002

01/30/2011

Common Stock

40,000

⁽²⁾

Employee Stock Option (Right to Buy)

$ 20.26

11/04/2006

45,000

01/30/2003

01/29/2012

Common Stock

45,000

⁽²⁾

Employee Stock Option (Right to Buy)

$ 20.49

11/04/2006

56,000

02/10/2004

02/09/2013

Common Stock

56,000

⁽²⁾

Employee Stock Option (Right to Buy)

$ 24.36

11/04/2006

113,900

02/05/2005

02/05/2014

Common Stock

113,900

⁽²⁾

Employee Stock Option (Right to Buy)

$ 25.53

11/04/2006

103,900

02/08/2006

02/07/2015

Common Stock

103,900

⁽²⁾

Employee Stock Option (Right to Buy)

$ 27.48

11/04/2006

74,500

04/02/2007

04/02/2016

Common Stock

74,500

⁽²⁾

Employee Stock Options (Right to Buy)

$ 17.99

11/04/2006

1,000

05/18/2002

05/18/2011

Common Stock

1,000

⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MARTINEZ SUSAN A 1900 5TH AVENUE NORTH BIRMINGHAM, AL 35203			Sr. Executive Vice President

Signatures

By: Michelle Bridges - Attorney in Fact		11/06/2006
^**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)	Shares disposed of pursuant to merger between AmSouth Bancorporation and Region Financial Corporation pursuant to which each share of AmSouth common stock was exchanged for 0.7974 shares of Regions common stock having a market value of $29.82 per share on the effective date of the merger.
(2)	In the merger of AmSouth and Regions, each outstanding option to purchase AmSouth common stock was converted to an option to purchase Regions stock on substantially the same terms, except that the number of options was adjusted by multiplying the number of AmSouth options by 0.7974, the grant price was adjusted by dividing the AmSouth grant price by 0.7974, and the options became immediately exercisable at the effective time of the merger and will remain exercisable until the expiration date of the option.

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