SOUTHERN CO - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2008-09-18

Reporting Person: Beasley J Barnie (President & CEO, So Nuclear)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-18	Southern Company Common Stock	M	18220	$27.975	Acquired	18861.652	Direct
2008-09-18	Southern Company Common Stock	S	18220	$40.00	Disposed	641.652	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-18	Option Right to Buy	$27.98	M	18220	Disposed	2013-02-14	Southern Company Common Stock (18220)	Direct

Security	Shares	Ownership
Southern Company Common Stock	9835.6618	Indirect

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.

F3: Options were exercised and shares were sold pursuant to a Rule 10b5-1 plan.