X0201 4 2003-10-15 0 0000934302 FIRST SOUTHERN BANCSHARES INC/DE (FSTH.PK) 0001204977 WALKER ROBERT 102 SOUTH COURT STREET FLORENCE AL 356310777 1 0 0 0 Series A Nonconvertible Preferred Stock 2003-10-15 4 J 0 4546 0 D 0.00 I By IRA Common Stock 39000.00 D Common Stock Warrants (right-to-buy) 0.01 2003-10-15 4 J 0 3024 0 A 2004-10-15 2006-10-15 Common Stock 3024 3024 I By IRA Rights to Acquire Common Stock Warrants (r-t-b) 0.01 2003-10-15 4 J 0 3024 0 A 2005-10-15 2007-10-15 Common Stock 3024 3024 I By IRA Common Stock Warrants (right-to-buy) 1.00 2002-11-01 2005-11-01 Common Stock 15000 15000 D Common Stock Warrants (right-to-buy) 0.01 2004-09-30 2006-09-30 Common Stock 2800 2800 D Common Stock Warrants (right-to-buy) 0.01 2004-09-30 2006-09-30 Common Stock 3136 3136 I By IRA Common Stock Warrants (right-to-buy) 0.01 2004-09-30 2006-09-30 Common Stock 4200 4200 I By Spouse Rights to Acquire Common Stock Warrants (right-to- 0.01 2005-09-30 2007-09-30 Common Stock 2800 2800 D Rights to Acquire Common Stock Warrants (right-to- 0.01 2005-09-30 2007-09-30 Common Stock 3136 3136 I By IRA Rights to Acquire Common Stock Warrants (right-to- 0.01 2005-09-30 2007-09-30 Common Stock 4200 4200 I By Spouse On October 15, 2003, the reporting person's IRA, exchanged 4,546 shares of the issuer's Series A Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants and (iii) rights to acquire additional warrants, which are reported separately on this Form 4. On October 15, 2003, the reporting person's IRA, exchanged 4,546 shares of the issuer's Series A Convertible Preferred Stock for units consisting of (i) capital notes, (ii) warrants, which are reported separately on this Form 4, and (iii) these rights to acquire additional warrants. Units consisting of (i) capital notes having a principal amount equal to the aggregate purchase price of the units, (ii) warrants and (iii) rights to acquire additional warrants were acquired in exchange for 4,546 shares of the issuer's Series A Convertible Preferred Stock, which for purposes of such exchange were valued at $23.76 per share. /s/ Walker, Robert 2003-10-21