------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response ....... 0.5 ------------------------------ 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* Leavitt J. Christian -------------------------------------------------------------------------------- (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) [_] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Senior Vice President, Secretary and Treasurer (Chief Accounting 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 3,295 A $26.19 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 1,299 A $19.8125 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 3,652 A $22.25 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 M 1,778 A Note 1 D ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/07/03 F 7,631 D $32.03 ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 02/10/03 F 74(2) D $31.09 ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 42,179 D ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================== * 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) $26.19 02/07/03 M 3,295 08/07/02 07/29/09 Stock 3,295 0 ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 2,934 02/07/03 07/29/09 Stock 2,934 2,934 D ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $19.1825 02/07/03 M 1,299 12/14/00 12/14/09 Stock 1,299 1,299 D ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 1,002 02/07/03 12/14/09 Stock 1,002 1,002 D ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $22.25 02/07/03 M 3,652 12/15/99 12/15/08 Stock 3,652 0 ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $32.03 02/07/03 A V 2,983 02/07/03 12/15/08 Stock 2,983 2,983 D ------------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================== Explanation of Responses: /s/ Foley & Lardner February 11, 2003 --------------------------------------------- ----------------------- Foley & Lardner, as attorney-in-fact Date for J. Christian Leavitt ** 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