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CUSIP NO. 743674-10-3 13G PAGE 1 OF 10 PAGES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 19 )*
-------------------
PROTECTIVE LIFE CORPORATION
---------------------------
(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
743674-10-3
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP NO. 743674-10-3 13G PAGE 2 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AmSouth Bancorporation
No. 63-0591257
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
2,942,478
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
2,434,764
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,589,392
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
11.7%
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TYPE OF REPORTING PERSON*
12
HC
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CUSIP NO. 743674-10-3 13G PAGE 3 OF 10 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AmSouth Bank
No. 63-0935103
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Alabama
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
2,942,478
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
2,434,764
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
3,589,392
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
11.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
BK
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CUSIP No. 743674-10-3 13G Page 4 of 10 pages
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AMENDMENT NO. 19
----------------
TO
STATEMENT ON
SCHEDULE 13G
FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION
ON BEHALF OF
AMSOUTH BANCORPORATION
AND
AMSOUTH BANK
Report for the Calendar Year Ended December 31, 1997
Item 1(a) Name of Issuer:
---------
Protective Life Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
---------
2801 Highway 280 South
Birmingham, Alabama 35223
Item 2(a) Name of Persons Filing:
---------
AmSouth Bancorporation
AmSouth Bank
Item 2(b) Address of Principal Business Office:
---------
AmSouth Bancorporation
AmSouth/Sonat Tower
1900 Fifth Avenue North
Birmingham, Alabama 35203
AmSouth Bank
AmSouth/Sonat Tower
Birmingham, Alabama 35203
Item 2(c) Citizenship:
---------
AmSouth Bancorporation is a Delaware corporation. AmSouth Bank is
a bank organized under the laws of the State of Alabama.
Item 2(d) Title of Class of Securities:
---------
Common stock
Item 2(e) CUSIP Number: 743674-10-3
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CUSIP No. 743674-10-3 13G Page 5 of 10 pages
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Item 3 If this Statement is filed pursuant to Rules 13d-1(b) or
- ------ 13d-2(b), check whether the person filing is a:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [X] Bank as defined in Section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in Section 3(a)(19) of the
Act
(d) [_] Investment Company registered under Section 8 of the
Investment Company Act
(e) [_] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section
240.13d-1(b)(1)(ii)(F)
(g) [X] Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) [_] Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
Item 4 Ownership
- ------
(a) Amount Beneficially Owned:
AmSouth Bancorporation: 3,589,392
AmSouth Bank: 3,589,392
(b) Percent of Class:
AmSouth Bancorporation: 11.7%
AmSouth Bank: 11.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
-0-
(ii) shared power to vote or direct the vote:
AmSouth Bancorporation: 2,942,478
AmSouth Bank: 2,942,478
(iii) sole power to dispose of or to direct the disposition
of:
-0-
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CUSIP No. 743674-10-3 13G Page 6 of 10 pages
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(iv) shared power to dispose of or to direct the
disposition of:
AmSouth Bancorporation: 2,434,764
AmSouth Bank: 2,434,764
Pursuant to Rule 13d-4, it is hereby declared that the filing of
this Statement shall not be construed as an admission that
AmSouth Bancorporation or AmSouth Bank is, for the purpose of
Sections 13(d) or 13(g) of the Securities Exchange Act of 1934,
the beneficial owner of any securities covered by this Statement.
Item 5 Ownership of Five Percent or Less of a Class
- ------
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person
- ------
All of the shares covered by this Statement are held by trusts
and estates of which AmSouth Bancorporation's subsidiary, AmSouth
Bank, is a fiduciary. No single one of these trusts and estates
holds as much as five percent of the class. Generally, under the
terms of the instrument establishing each such trust or estate,
dividends on and proceeds from the sale of securities held by the
trust or estate are paid to it, with distribution of any such
amounts to beneficiaries thereof being made from the trust or
estate pursuant to the terms of the governing instrument.
Item 7 Identification and Classification of the Subsidiary Which
- ------ Acquired the Security Being Reported on by the Parent Holding
Company
See Exhibit 1.
Item 8 Identification and Classification of Members of the Group
- ------
Not applicable.
Item 9 Notice of Dissolution of Group
- ------
Not applicable.
Item 10 Certification
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CUSIP No. 743674-10-3 13G Page 7 of 10 pages
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business, and were not acquired for the purpose of, and do not
have the effect of, changing or influencing the control of the issuer of
such securities, and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Signatures:
-----------
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is true,
complete and correct.
February 13, 1998
-----------------
Date
AMSOUTH BANCORPORATION
By: /s/ CARL L. GORDAY
--------------------
Signature
Carl L. Gorday, Assistant Secretary
-----------------------------------
Name/Title
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CUSIP No. 743674-10-3 13G Page 8 of 10 pages
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After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is true,
complete and correct.
February 13, 1998
-----------------
Date
AMSOUTH BANK
By: /s/ CARL L. GORDAY
--------------------
Signature
Carl L. Gorday, Vice President
------------------------------
Name/Title
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CUSIP No. 743674-10-3 13G Page 9 of 10 pages
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EXHIBIT 1
TO
AMENDMENT NO. 19
TO
STATEMENT ON
SCHEDULE 13G
FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION
ON BEHALF OF
AMSOUTH BANCORPORATION
AND
AMSOUTH BANK
Report for the Calendar Year Ended December 31, 1997
The securities covered by this Statement are held in a fiduciary
capacity by the following subsidiary of AmSouth Bancorporation, which is a
bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934,
and classified in Item 3(b) of Schedule 13G:
AmSouth Bank
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CUSIP No. 743674-10-3 13G Page 10 of 10 pages
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EXHIBIT 2
TO
AMENDMENT NO. 19
TO
STATEMENT ON
SCHEDULE 13G
FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION
ON BEHALF OF
AMSOUTH BANCORPORATION
AND
AMSOUTH BANK
Report for the Calendar Year Ended December 31, 1997
The undersigned, AmSouth Bancorporation and AmSouth Bank, hereby
agree that the foregoing Statement on Schedule 13G is filed on behalf of
each of them.
AMSOUTH BANCORPORATION
By: /s/ CARL L. GORDAY
-------------------
Carl L. Gorday, Assistant Secretary
AMSOUTH BANK
By: /s/ CARL L. GORDAY
-------------------
Carl L. Gorday, Vice President
