Itokazu John T 4

4 · ZIONS BANCORPORATION /UT/ · Filed Mar 15, 2011

Form 4

Period: 2011-01-21

Executive Vice President

Transactions

Award
Phantom Stock
2011-01-21+436.819→ 436.819 total
From: 2012-01-15→ Common Stock (436.819 underlying)
Award
Phantom Stock
2011-01-28+458.446→ 895.265 total
From: 2012-01-15→ Common Stock (458.446 underlying)
Award
Phantom Stock
2011-02-11+430.344→ 1,325.609 total
From: 2012-01-15→ Common Stock (430.344 underlying)
Award
Phantom Stock
2011-03-11+462.223→ 2,245.301 total
From: 2012-01-15→ Common Stock (462.223 underlying)
Award
Phantom Stock
2011-02-25+457.469→ 1,783.078 total
From: 2012-01-15→ Common Stock (457.469 underlying)

Footnotes (3)

[F1]Each share of phantom stock is the economic equivalent of one share of ZION common stock.
[F2]These shares are issuable in respect of restricted stock units that represent a portion of the reporting person's salary, net of withholdings and deductions, and that were issued under the Zions Bancorporation 2005 Stock Option and Incentive Plan. For more information, please see the Current Report 8-K filed by Zions Bancorporation on December 28, 2009. Restricted stock units are 100% vested on the date of grant but are subject to transfer restrictions that lapse in two annual installments beginning on January 15, 2011 and that lapse in full on the reporting person's earlier death.
[F3]The Stock Units will be paid in cash in increments of 50% as of January 15, 2012 and 50% as of December 15, 2012.

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