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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
1.   Name and Address of Reporting Person*

    Fiala                            Mary                          Lou
- --------------------------------------------------------------------------------
   (Last)                           (First)                     (Middle)

                       121 West Forsyth Street, Suite 200
- --------------------------------------------------------------------------------
                                    (Street)

  Jacksonville                        FL                         32202
- --------------------------------------------------------------------------------
   (City)                           (State)                      (Zip)

________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol

                        Regency Centers Corporation (REG)
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

________________________________________________________________________________
4.   Statement for Month/Day/Year

                                February 7, 2003
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Day/Year)

================================================================================
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [_]  10% Owner
     [X]  Officer (give title below)           [_]  Other (specify below)

                      President and Chief Operating Officer
                      -------------------------------------
________________________________________________________________________________
7.   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
================================================================================
5. Amount of Securities 6. 4. Beneficially Owner- Securities Acquired (A) or Owned ship 2A. 3. Disposed of (D) Following Form: 7. 2. Deemed Transaction (Instr. 3, 4 and 5) Reported Direct Nature of Trans- Execution Code ------------------------------- Trans- (D) or Indirect 1. action Date, (Instr. 8) (A) action(s) Indirect Beneficial Title of Security Date if any ------------ or (Instr. (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price 3 & 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 02/07/03 M 27,820 A $23.00 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 15,935 A $26.19 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 9,621 A $19.8125 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 10,674 A $22.25 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 11,236 A $22.25 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 14,541 A Note 1 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 F 68,454 D $32.03 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/10/03 F 10,473(2) D $31.09 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 64,343 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 63 I By Spouse ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Note 1: Settlement of dividend equivalent units in connection with exercise of option. Note 2: Represents shares delivered to issuer in full payment of income tax liability in connection with the vesting of restricted shares granted under the Long Term Omnibus Plan. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) (Form 4-07/98) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Deriv- Form 2. ative Conver- 5. 7. Secur- Deriv- 11. sion Number of Title and Amount ities ative Nature or 3A. Derivative 6. of Underlying 8. Bene- Secur- of Exer- Deemed 4. Securities Date Securities Price ficially ity: In- cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $23.00 02/07/03 M 27,820 01/01/02 01/01/11 Stock 27,820 27,819 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 23,118 02/07/03 01/01/11 Stock 23,118 23,118 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $26.19 02/07/03 M 15,935 08/07/02 08/07/11 Stock 15,935 0 - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 14,193 02/07/03 08/07/11 Stock 14,193 14,193 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $19.8125 02/07/03 M 9,621 12/14/00 12/14/10 Stock 9,621 9,620 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 7,421 02/07/03 12/14/10 Stock 7,421 7,421 D - ------------------------------------------------------------------------------------------------------------------------------------
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Deriv- Form 2. ative Conver- 5. 7. Secur- Deriv- 11. sion Number of Title and Amount ities ative Nature or 3A. Derivative 6. of Underlying 8. Bene- Secur- of Exer- Deemed 4. Securities Date Securities Price ficially ity: In- cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $22.25 02/07/03 M 10,674 12/15/99 12/15/08 Stock 10,674 0 - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 8,720 02/07/03 12/15/08 Stock 8,720 8,720 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $22.25 02/07/03 M 11,236 12/15/99 12/15/08 Stock 11,236 0 - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 9,179 02/07/03 12/15/08 Stock 9,179 9,179 D - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: /s/ Linda Y. Kelso February 11, 2003 - --------------------------------------------- ----------------------- Linda Y. Kelso, attorney-in-fact Date for Mary Lou Fiala ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2