SOUTHERN CO — Director's Dealing 2012

Jul 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2012-07-26

Reporting Person: HOLLAND G EDISON (Executive VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-26	Southern Company Common Stock	M	75000	$31.17	Acquired	75188.6474	Direct
2012-07-26	Southern Company Common Stock	S	75000	$47.8643	Disposed	188.6474	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-26	Option Right To Buy	$31.17	M	75000	Disposed	2020-02-15	Southern Company Common Stock (75000)	Direct

Footnotes

F1: Options vest 33% per year on the anniversary of the grant date.

F2: Includes the right to have shares withheld upon exercise to satisfy tax withholding obligations.