1ST SOURCE CORP — Director's Dealing 2007

Feb 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 1ST SOURCE CORP (SRCE)
CIK: 0000034782
Period of Report: 2007-02-22

Reporting Person: QUALEY ALLEN RUSSELL (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-22	Common Stock	M	14674	$14.82	Acquired	99458.00	Direct
2007-02-22	Common Stock	F	7658	$28.40	Disposed	91800.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-22	Stock Option (Right to Buy)1997	$16.30	M	14674	Disposed	2007-04-17	Common Stock (14674.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13833.00	Indirect
Common Stock	20392.00	Indirect

Footnotes

F1: This figure represents the balance of shares of common stock held by the reporting person at the end of all transactions as of January 31, 2006.

F2: This option was previously reported as covering 13,340 shares at an exercise price of $16.30, but was adjusted to 14,674 shares at an exercise price of $14.82 to reflect the stock dividend on August 15, 2006.