Ellen S. Jones Form 4 REGIONS FINANCIAL / Ellen S. Jones ownership change

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^*

Jones Ellen S.

(Last) (First) (Middle)

P. O. BOX 10247

(Street)

BIRMINGHAM AL 35202-0247

(City) (State) (Zip)

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)
SEVP

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2018

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	04/01/2018		M		20,833	A	$0.0000(1)	41,985	D
Common Stock	04/01/2018		M		20,833	A	$0(2)	62,818	D
Common Stock	04/02/2018		F		18,480	D	$18.58	44,338	D

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
Performance Stock Units - 2015	(2)	04/01/2018		M			20,833	(2)	(2)	Common Stock	20,833	$0.0000(2)	0.0000	D
Restricted Stock Units	$0.0000(1)	04/01/2018		M			20,833	(1)	(1)	Common Stock	20,833	$0.0000(1)	38,220	D
Performance Stock Units (2018)	(3)	04/02/2018		A		10,627(4)		(5)	(5)	Common Stock	15,940.5(4)	$0.0000	10,627	D
Restricted Stock Units	$0.0000(6)	04/02/2018		A		10,627		(7)	(7)	Common Stock	10,627	$0.0000	48,847	D

Explanation of Responses:

1. The restricted stock units vested and were settled in shares of common stock on a 1-for-1 basis on April 1, 2018.

2. The performance stock units vested and were settled in shares of common stock on April 1, 2018, at the conversion rate of 1 share of common stock for each unit, based on the level of company achievement of performance goals during the performance period from January 1, 2015, through December 31, 2017.

3. Each performance stock unit is the economic equivalent of up to one and one-half shares of Regions Financial Corporation common stock with deemed reinvestment of dividends.

4. The target number of shares underlying the performance stock units is equal to the number of units. The actual number of underlying shares could range from 0% to 150% of the target amount depending on the level of company achievement of performance goals during the performance period from January 1, 2018, through December 31, 2020.

5. The performance stock units will be settled in shares of common stock as of April 2, 2021, subject to a service requirement and subject to earlier vesting in whole or in part under certain conditions.

6. Each restricted stock unit is the economic equivalent of one share of Regions Financial Corporation common stock with deemed reinvestment of dividends.

7. The restricted stock units will be settled in shares of common stock as of April 2, 2021, subject to a service requirement and a performance threshold requirement and subject to earlier vesting in whole or in part under certain conditions.

	Lachelle S. Koon - Attorney -in-Fact	04/03/2018
	** 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).
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