SOUTHERN CO — Director's Dealing 2012

Jan 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2012-01-27

Reporting Person: FANNING THOMAS A (President, CEO & Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-27	Southern Company Common Stock	M	80843	$32.70	Acquired	81828.3367	Direct
2012-01-27	Southern Company Common Stock	M	95392	$33.81	Acquired	177220.3367	Direct
2012-01-27	Southern Company Common Stock	M	99382	$36.42	Acquired	276602.3367	Direct
2012-01-27	Southern Company Common Stock	S	275617	$45.0693	Disposed	985.3367	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-27	Option Right to Buy	$32.70	M	80843	Disposed	2015-02-18	Southern Company Common Stock (80843)	Direct
2012-01-27	Option Right to Buy	$33.81	M	95392	Disposed	2016-02-20	Southern Company Common Stock (95392)	Direct
2012-01-27	Option Right to Buy	$36.42	M	99382	Disposed	2017-02-19	Southern Company Common Stock (99382)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Southern Company Common Stock	10301.2725	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.