SOUTHERN CO - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2012-05-31

Reporting Person: TOPAZI ANTHONY J (Executive VP & COO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-31	Southern Company Common Stock	M	58659	$31.39	Acquired	62483.3076	Direct
2012-05-31	Southern Company Common Stock	S	58659	$46.00	Disposed	3824.3076	Direct
2012-05-31	Southern Company Common Stock	M	26109	$31.17	Acquired	29933.3076	Direct
2012-05-31	Southern Company Common Stock	S	26109	$46.00	Disposed	3824.3076	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-31	Option Right to Buy	$31.39	M	58659	Disposed	2019-02-16	Southern Company Common Stock (58659)	Direct
2012-05-31	Option Right To Buy	$31.17	M	26109	Disposed	2020-02-15	Southern Company Common Stock (26109)	Direct

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.