SOUTHERN CO — Director's Dealing 2012

Jun 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2012-06-06

Reporting Person: MCCRARY CHARLES D (President & CEO, APC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-06	Southern Company Common Stock	M	79987	$31.39	Acquired	81289.9637	Direct
2012-06-06	Southern Company Common Stock	S	79987	$46.6997	Disposed	1302.9637	Direct
2012-06-06	Southern Company Common Stock	M	99178	$33.81	Acquired	100480.9637	Direct
2012-06-06	Southern Company Common Stock	S	99178	$46.6997	Disposed	1302.9637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-06	Option Right to Buy	$31.39	M	79987	Disposed	2019-02-16	Southern Company Common Stock (79987)	Direct
2012-06-06	Option Right to Buy	$33.81	M	99178	Disposed	2016-02-20	Southern Company Common Stock (99178)	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.