COMPASS BANCSHARES INC 4

4 · COMPASS BANCSHARES INC · Filed Feb 2, 2007

Form 4

Period: 2007-01-31

Other

Transactions

Award
Phantom Stock Units (ESOP Benefit Restoration Plan)
2007-02-01$61.18/sh+17.264$1,056→ 1,137.256 total
Exercise: $0.00→ Common Stock (17.264 underlying)
Award
Common Stock
2007-01-31+2,078→ 11,531.69 total
Tax Payment
Common Stock
2007-01-31$60.90/sh−452$27,527→ 11,079.69 total

Holdings

Footnotes (3)

[F1]Shares acquired upon vesting of performance contingent restricted stock ("PCRS") award for the 2004-2006 performance period. The reporting person's original PCRS award for the 2004-2006 performance period, covering a maximum of 11,016 shares, was truncated in 2005, such that one-third of the covered shares would be eligible to vest based on the originally established criteria, with the remainder cancelled. A number of shares equal to the remaining two-thirds of the reporting person's original award was added to his PCRS award for the 2005-2007 performance period.
[F2]Shares surrendered to issuer to satisfy reporting person's tax withholding obligation in connection with vesting of PCRS award.
[F3]The phantom stock units were acquired under the issuer's ESOP Benefit Restoration Plan. Each unit represents the right to receive the cash value of one share of the issuer's common stock upon the reporting person's retirement or the occurence of other events, including termination of employment, death, unforeseeable emergency or change in control of the issuer. Subject to the terms of the plan, the reporting person may transfer amounts allocated to his phantom stock account into an alternative investment option at any time.

Documents

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