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: 2012-07-27

Reporting Person: STORY SUSAN N (President & CEO, SCS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-27	Southern Company Common Stock	M	60223	$31.39	Acquired	60781.302	Direct
2012-07-27	Southern Company Common Stock	S	60223	$48.4291	Disposed	558.302	Direct
2012-07-27	Southern Company Common Stock	M	26358	$31.17	Acquired	26916.302	Direct
2012-07-27	Southern Company Common Stock	S	26358	$48.4291	Disposed	558.302	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-27	Option Right to Buy	$31.39	M	60223	Disposed	2019-02-16	Southern Company Common Stock (60223)	Direct
2012-07-27	Option Right To Buy	$31.17	M	26358	Disposed	2020-02-15	Southern Company Common Stock (263580)	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.