X0201 5 2003-12-31 0 0 0 0000743532 ALFA CORP Alfa 0001207665 HARPER WILLIAM BRADLEY JR 0 1 0 0 Sr. V.P. Life & Loans Common Stock 119337 D Common Stock 4963 I by Managed Account Common Stock 50000 I by Spouse Common Stock 3420 I by Trust Incentive Stock Option (right to buy) 5.75 1996-03-27 2005-03-26 Common Stock 5000 5000 D Incentive Stock Option (right to buy) 6 1998-02-18 2007-02-18 Common Stock 5000 5000 D Incentive Stock Option (right to buy) 12.25 1997-04-18 2006-04-18 Common Stock 5000 5000 D Non-Qualified Stock Option (right to buy) 11.65 2004-02-24 2013-02-24 Common Stock 30000 30000 D Non-Qualified Stock Option (right to buy) 7.1 1999-03-23 2008-03-23 Common Stock 8000 8000 D Non-Qualified Stock Option (right to buy) 8.22 2002-04-22 2011-04-21 Common Stock 15000 15000 D Non-Qualified Stock Option 9.41 2002-03-25 2011-03-25 Common Stock 15000 15000 D Non-Qualified Stock Option (right to buy) 13.93 2003-03-25 2012-03-25 Common Stock 15000 15000 D These units are in a 401(K) Plan account maintained by Alfa Mutual Insurance Company (AMIC) on behalf of the undersigned employee of AMIC. Reporting person has no right to vote these units and has no right to take the actual units, but rather has only the right to the cash equivalent value of such units at the time a distribution is taken. These shares are owned by Mr. Harper's wife, Jane of which shares he disclaims beneficial ownership. William B. Harper, Jr. 2004-01-22