X0202 4 2007-05-15 0000018568 COMPASS BANCSHARES INC CBSS 0001183692 JONES D PAUL JR 15 SOUTH 20TH STREET BIRMINGHAM AL 35233 1 1 0 0 Chairman and CEO Common Stock 2007-05-15 4 S 0 5000 69.13 D 793562.1805 D Common Stock 2007-05-15 4 S 0 5000 69.14 D 788562.1805 D Common Stock 2007-05-15 4 S 0 5000 69.17 D 783562.1805 D Common Stock 2007-05-15 4 S 0 10000 69.19 D 773562.1805 D Common Stock 2007-05-15 4 S 0 26000 69.20 D 747562.1805 D Common Stock 2007-05-15 4 S 0 5000 69.35 D 742562.1805 D Common Stock 2007-05-15 4 S 0 5675 69.40 D 736887.1805 D Common Stock 2007-05-15 4 S 0 45000 69.45 D 691887.1805 D Common Stock 2007-05-15 4 S 0 5000 69.66 D 686887.1805 D Common Stock 2007-05-15 4 S 0 15000 69.76 D 671887.1805 D Common Stock 2007-05-15 4 S 0 7500 69.77 D 664387.1805 D Common Stock 2007-05-15 4 S 0 15000 69.78 D 649387.1805 D Common Stock 2007-05-15 4 S 0 16500 69.80 D 632887.1805 D Common Stock 2007-05-15 4 S 0 9500 69.85 D 623387.1805 D Common Stock 2007-05-15 4 S 0 13000 69.86 D 610387.1805 D Common Stock 2007-05-15 4 S 0 12500 69.90 D 597887.1805 D Common Stock 2007-05-15 4 S 0 5000 69.92 D 592887.1805 D Common Stock 2007-05-15 4 S 0 35000 69.93 D 557887.1805 D Common Stock 2007-05-15 4 S 0 35000 69.94 D 522887.1805 D Common Stock 2007-05-15 4 S 0 13000 69.95 D 509887.1805 D Common Stock 2007-05-15 4 S 0 23000 69.96 D 486887.1805 D Common Stock 2007-05-15 4 S 0 5000 70.00 D 481887.1805 D Common Stock 2007-05-15 4 S 0 5000 70.03 D 476887.1805 D Common Stock 2007-05-15 4 S 0 5000 70.07 D 471887.1805 D Common Stock 2007-05-15 4 S 0 5000 70.08 D 466887.1805 D Common Stock 2007-05-16 4 M 0 94814 23.92 A 561701.1805 D Common Stock 2007-05-16 4 M 0 129059 16.83 A 690760.1805 D Common Stock 2007-05-16 4 M 0 138122 20.50 A 828882.1805 D Common Stock 2007-05-16 4 M 0 134680 28.90 A 963562.1805 D Employee Stock Option (right to buy) 23.92 2007-05-16 4 M 0 94814 0 D 2009-01-26 Common Stock 99000 0 D Employee Stock Option (right to buy) 16.83 2007-05-16 4 M 0 129059 0 D 2010-02-20 Common Stock 135000 0 D Employee Stock Option (right to buy) 20.50 2007-05-16 4 M 0 138122 0 D 2011-02-22 Common Stock 143000 0 D Employee Stock Option (right to buy) 28.90 2007-05-16 4 M 0 134680 0 D 2012-02-10 Common Stock 150000 11860 D Phantom Stock Units (ESOP Benefit Restoration Plan) 0 2007-05-15 2007-05-16 4 A 0 20.433 70.5032 A Common Stock 20.433 15328.885 D This report is the first of two Forms 4 filed on May 17, 2007 to report transactions on May 15 and May 16, 2007. The option was previously reported as covering an aggregate of 66,000 shares at an exercise price of $35.88 per share, but was adjusted to reflect the 3-for-2 stock split on April 2, 1999. The option vested in four equal installments on January 27, 1999, 2000, 2001 and 2002. The option vested in four equal installments on February 21, 2000, 2001, 2002 and 2003. The option vested in four equal installments on February 23, 2001, 2002, 2003 and 2004. The option vested in four equal installments on February 11, 2002, 2003, 2004 and 2005. 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. Jerry W. Powell, as attorney-in-fact 2007-05-17