SEC Form 4/A

FORM 4 [ ] Check this box if no longersubject to Section 16. Form 4 or Form5 obligations may continue.See Instruction 1(b). (Print or Type Responses) UNITED STATES SECURITIES AND EXCHANGE ~~COMMISSIONWashington~~COMMISSION Washington, D.C. ~~20549STATEMENT~~20549 STATEMENT OF CHANGES IN BENEFICIAL ~~OWNERSHIPFiled~~OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public ~~UtilityHolding~~Utility Holding Company Act of 1935 or Section 30(fh) of the Investment Company Act of 1940 OMB ~~APPROVALOMB~~APPROVAL OMB Number: 3235-~~0287Expires~~0287 Expires: ~~December~~January 31, ~~2001Estimated~~2005Estimated average burdenhours per response. . . . . 0.5

1. Name and Address of Reporting Person*Reed, Frank E. (Last) (First) (Middle)716 West Mount Airy Avenue(Street)Philadelphia, PA 19119 (City) (State) (Zip)USA 2. Issuer Name and Ticker or Trading SymbolALLTEL Corporation AT3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for (Month/Year) January 20035. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer(Check all applicable) X Director 10% Owner Officer OtherOfficer/OtherDescription 7. Individual or Joint/Group Filing (Check Applicable Line) X Individual Filing Joint/Group Filing

1. Name and Address of Reporting Person^* Mahony, Jr., Emon A. (Last) (First) (Middle) 10701 Hunters Point Road (Street) Fort Smith, AR 72903 (City) (State) (Zip) USA	2. Issuer Name and Ticker or Trading Symbol ALLTEL Corporation AT		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer Other 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year January 03, 2003 5. If Amendment, Date of Original (Month/Day/Year) 1/3/2003

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	32A. ~~Transaction~~Deemed ~~Code~~Execution ~~and~~Date, ~~Voluntary~~if ~~Code~~any (~~Instr. 8~~Month/Day/Year)~~Code \| V~~	43. ~~Securities~~Transaction ~~Acquired~~Code ~~(A)~~and orVoluntary ~~Disposed~~Code (~~D) Of (~~Instr. ~~3, 4, and 5~~8) ~~Amount~~Code \| ~~A/D \| Price~~V	54. ~~Amount of~~ Securities ~~Beneficially~~Acquired ~~Owned~~(A) ator ~~End~~Disposed of(D) ~~Month~~Of (Instr. 3, 4, and 45) Amount \| A/D \| Price	65. ~~Owner-~~Amount ~~ship~~of ~~Form:~~Securities ~~Direct(D)~~Beneficially orOwned ~~Indirect~~Following ReportedTransaction(Is) (Instr. 3 and 4)	76. ~~Nature~~Owner- ofship ~~Indirect~~Form: ~~Beneficial~~Direct(D) ~~Ownership~~or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/02/2003	~~A \|~~	~~470(1) \|~~ A \| ~~$53.15~~	~~10,072~~470.00(1) \| A \| $53.15	D46176.00	D
Common Stock				~~440~~	I2595.00	~~By Managed Account~~I	By Spouse
Common Stock				~~2,000~~	I2360.00	~~By Spouse~~I	By Trustee for Son
Common Stock				1,000	I	By Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. (over)SEC 1474 (39-9902)

~~Reed~~Mahony, ~~Frank~~Jr., EEmon A. - January 03, 2003

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conver- sion or Exercise Price of Deri- vative Security	3. Transaction Date (Month/ Day/ Year)	43A. ~~Transaction~~Deemed ~~Code~~Execution ~~and~~Date, ~~Voluntary~~if ~~(V)~~any ~~Code~~ (~~Instr.8)Code~~Month/ \|Day/ VYear)	54. ~~Number~~Transaction ofCode ~~Derivative~~and ~~Securities~~Voluntary ~~Acquired~~ (AV) orCode ~~Disposed~~ (~~D) Of (~~Instr.8) ~~3,4~~Code ~~and~~\| 5)V	65. ~~Date~~Number ~~Exercisable(DE)~~of ~~and~~Derivative ~~Expiration~~Securities ~~Date(ED)~~Acquired (~~Month/Day/Year~~A) or Disposed (DED) \|Of (EDInstr. 3,4 and 5)	76. ~~Title~~Date Exercisable(DE) and ~~Amount~~Expiration ofDate(ED) ~~Underlying~~(Month/Day/Year) ~~Securities~~ (~~Instr.~~DE) 3\| ~~and 4~~(ED)	87. ~~Price~~Title and Amount of ~~Derivative~~Underlying ~~Security~~Securities (Instr.5 3 and 4)	98. ~~Number~~Price of Derivative ~~Securities~~Security ~~Beneficially Owned at End of Month~~ (Instr.45)	109.~~Owner-shipForm~~ ~~ofDeriv-ativeSecurity:Direct~~Number of Derivative Securities Beneficially Owned Following Reported Transactions (DInstr.4)~~orIndirect(I)~~	1110.Owner-shipForm ~~Nature of Indirect Beneficial Ownership~~ ofDeriv-ativeSecurity:Direct(D)orIndirect(I)(Instr.4)	11. Nature of Indirect Beneficial Ownership (Instr.4)
Equity Unit (obligation to buy)	$50.00				05/17/2005 \| 05/17/2005	Common Stock - 1,000		1,000	D
Non-Qualified Stock Option	$25.38						Common Stock - 0.00		2,000.00	D
Non-Qualified Stock Option	$3132.6850					~~Common Stock - 0~~	Common Stock - 0.00	~~6,660~~	D2,000.00	D
Non-Qualified Stock Option	$4630.00					~~Common Stock - 0~~	Common Stock - 0.00	~~10,000~~	D3,500.00	D
Non-Qualified Stock Option	$7044.7594					~~Common Stock - 0~~	Common Stock - 0.00	~~5,500~~	D4,500.00	D
Non-Qualified Stock Option	$6570.1375					~~Common Stock - 6,500~~	Common Stock - 0.00	~~6,500~~	D5,500.00	D
Non-Qualified Stock Option	$5265.7513					~~Common Stock - 6,500~~	Common Stock - 6,500.00	~~6,500~~	D6,500.00	D
Non-Qualified Stock Option	$5352.0975					~~Common Stock - 6,500~~	Common Stock - 6,500.00	~~6,500~~	D6,500.00	D
Non-Qualified Stock Option	$53.09						Common Stock - 6,500.00		6,500.00	D
Non-Qualified Stock Option	$26.25						Common Stock - 0.00		9,000.00	D

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, ~~See~~see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are ~~notrequired~~not required to respond unless the form displays a currently valid OMB number. ~~________________________________~~/s/ Emon A. Mahony, Jr. __________________** Signature of Reporting Person ~~DateFrank~~Date ~~E. Reed~~ Page ~~2SEC 1474 (3-99)~~2

~~Reed~~Mahony, ~~Frank~~Jr., EEmon A. - January 03, 2003

Form 4 (continued)

FOOTNOTE Descriptions for ALLTEL Corporation AT Form 4 - January 2003 ~~Frank~~Emon EA. ~~Reed716~~Mahony, ~~West~~Jr.10701 ~~Mount~~Hunters ~~Airy~~Point ~~AvenuePhiladelphia~~RoadFort Smith, PAAR ~~19119Explanation~~72903 Explanation of responses: (1) These shares were issued under a directors stock compensation plan adopted on January 28, 1999, qualifying under Rule 16b-3(d) and are subject to a substantial risk of forfeiture until January 1, 2004.

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