X0303 4 2010-05-03 0000701853 BANCORPSOUTH INC BXS 0001433477 Campbell James Elbert III 100 CHARLESTON PLACE JACKSON TN 38305 1 Restricted Stock Units 2010-05-03 4 A 0 500 0 A Common Stock 500 500 D These shares were granted to the reporting person on May 3, 2010 as restricted stock units under the BancorpSouth, Inc. 1995 Non-Qualified Stock Option Plan for Non-Employee Directors. The shares will vest upon the date of the first annual shareholders meeting of the Company that follows the date this Award is granted by at least six months. /s/ James E. Campbell III 2010-05-03