X0306 4 2014-07-17 0000701853 BANCORPSOUTH INC BXS 0001466983 Prater William L. ONE MISSISSIPPI PLAZA 201 SOUTH SPRING STREET TUPELO MS 38804 1 Senior Executive VP & CFO Non-Qualified Stock Option (right to buy) 11.9300 2014-07-17 4 J 0 5000.0000 0.0000 D 2019-01-24 Common Stock 5000.0000 10000.0000 D Non-Qualified Stock Option (right to buy) 24.2700 2014-07-17 4 J 0 2400.0000 0.0000 D 2015-10-31 Common Stock 2400.0000 2400.0000 D Non-Qualified Stock Option (right to buy) 22.3900 2014-07-17 4 J 0 5000.0000 0.0000 D 2016-10-31 Common Stock 5000.0000 5000.0000 D Non-Qualified Stock Option (right to buy) 13.2500 2014-07-17 4 J 0 7500.0000 0.0000 D 2017-11-30 Common Stock 7500.0000 7500.0000 D Employee stock option granted pursuant to the BancorpSouth, Inc. Long-Term Equity Incentive Plan (formerly known as the BancorpSouth, Inc. 1994 Stock Incentive Plan). The stock option becomes exercisable in 3 equal installments commencing one year after date of grant. In accordance with his divorce decree dated July 17, 2014, the reporting person is transferring the referenced vested stock options to his ex-spouse. /s/ William L. Prater 2014-07-24