SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MOORE SARAH H
(Last) (First) (Middle)
124 EVERGREEN DRIVE
(Street)
DEATSVILLE AL 36022
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COLONIAL BANCGROUP INC [ CNB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
04/21/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/21/2008 P(7) 13,500 A $8 154,568 D
Common Stock 04/21/2008 J(8) V 1,399 A $13.1835 155,967 D
Common Stock 04/21/2008 J(9) V 575 A $13.228(10) 156,542 D
Common Stock 04/21/2008 J(11) V 2,243 A $12.94(12) 158,785 D
Common Stock 4,649 I by Son
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $11.5313 12/30/1999 12/30/2008 Common Stock 10,000 10,000 D
Incentive Stock Option (right to buy) $10.5 12/30/2000 12/30/2009 Common Stock 10,000 10,000 D
Incentive Stock Option (right to buy) $9.5 05/16/2001 05/16/2010 Common Stock 23,800 23,800 D
Incentive Stock Option (right to buy) $12.54 06/18/2001 06/18/2011 Common Stock 10,000 10,000 D
Incentive Stock Option (right to buy) $14.81 12/28/2002 12/28/2011 Common Stock 5,000 5,000 D
Incentive Stock Option (right to buy) $11.75 12/30/2006(1) 12/30/2012 Common Stock 1,109 1,109 D
Non-Qualifed Stock Option (right to buy) $11.75 12/30/2003 12/30/2012 Common Stock 3,891 3,891 D
Incentive Stock Option (right to buy) $17.28 12/23/2006(2) 12/23/2013 Common Stock 6,000 4,000 D
Non-Qualified Stock Option (right to buy) $17.28 12/23/2004 12/23/2013 Common Stock 4,000 4,000 D
Incentive Stock Option (right to buy) $21.45 12/28/2006(3) 12/28/2014 Common Stock 8,000 4,000 D
Non-Qualified Stock Option (right to buy) $21.45 12/28/2005 12/28/2014 Common Stock 2,000 2,000 D
Incentive Stock Option (right to buy) $25.4 04/18/2007(4) 04/18/2016 Common Stock 11,431 1,309 D
Non-Qualified Stock Option (right to buy) $25.4 04/18/2007(5) 04/18/2016 Common Stock 24,949 13,243 D
Non-Qualified Stock Option (right to buy) $25.81 01/16/2008(6) 01/16/2017 Common Stock 25,090 5,018 D
Non-Qualified Stock Option (right to buy) $11.29 01/15/2009(6) 01/15/2018 Common Stock 63,825 0 D
Explanation of Responses:
1. 109 options vest on 12/20/2006. The remaining 1,000 options vest on 12/30/2007.
2. Options vest in three equal installments beginning on the third anniversary of the grant date. (66% vested)
3. Options vest in four equal installments beginning on the second anniversary of the grant date. (50% vested)
4. 422 options vest on the first anniversary of the grant date. 887 options vest on the second anniversary of the grant date. 2,248 options vest on the third anniversary of the grant date. 7.874 options vest in two equal installments, annually, beginning on the fourth anniversary of the grant date.
5. 6,854 options vest on the first anniversary of the grant date. 6,389 options vest on the second anniversary of the grant date. 5,028 options vest on the third anniversary of the grant date. The remaining 6,678 options vest in two equal installments, annually, beginning on the fourth anniversary of the grant date.
6. Options vest in 5 equal installments, 20% annually beginning one year from the date of grant.
7. Shares purchased pursuant to the Common Stock Public Offering announced on April 21, 2008.
8. Shares acquired through the Colonial BancGroup, Inc. Dividend Reinvestment Plan.
9. Shares issued through the Colonial BancGroup,Inc. Employee Stock Purchase Plan.
10. Average purchase price of ESPP shares issued throughout the reporting period.
11. Shares issued through the Colonial BancGroup, Inc. 401K Retirement Plan.
12. Average purchase price of 401K shares issued throughout the year.
/s/ Sarah H. Moore 04/23/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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