SOUTHERN CO — Director's Dealing 2012

Apr 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2012-04-26

Reporting Person: Day Ed VI (President and CEO, MPC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-26	Southern Company Common Stock	M	21868	$32.70	Acquired	21868	Direct
2012-04-26	Southern Company Common Stock	S	21868	$45.5138	Disposed	0	Direct
2012-04-26	Southern Company Common Stock	M	14158	$31.17	Acquired	14158	Direct
2012-04-26	Southern Company Common Stock	S	14158	$45.5138	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-26	Option Right to Buy	$32.70	M	21868	Disposed	2015-02-18	Southern Company Common Stock (21868)	Direct
2012-04-26	Option Right To Buy	$31.17	M	14158	Disposed	2020-02-15	Southern Company Common Stock (14158)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Southern Company Common Stock	4758.6122	Indirect

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.