Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hoff Olga
 2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2018		 3. Issuer Name and Ticker or Trading Symbol
ZIONS BANCORPORATION /UT/ [ZION]
(Last)
(First)
(Middle)
ONE SOUTH MAIN, 15TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP
 5. If Amendment, Date Original Filed(Month/Day/Year)
08/03/2018
(Street)

SALT LAKE CITY, UT 84133		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 5,667
D
 
Common Stock 348.491
I
By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   (1) 02/22/2025 Common Stock 862 $ 55.68 D  
Stock Option (right to buy)   (1) 02/23/2024 Common Stock 868 $ 44.55 D  
Deferred Comp   (2)   (2) Common Stock 249 $ (3) D  
Stock Option (right to buy)   (1) 02/11/2023 Common Stock 1,507 $ 20.99 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hoff Olga
ONE SOUTH MAIN, 15TH FLOOR
SALT LAKE CITY, UT 84133		       Exec VP  

Signatures

By Thomas E. Laursen as attorney in fact 08/15/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.
(2) Shares are paid out in cash or stock upon date or age elected at time of deferral, or upon termination of employment.
(3) Each unit is the economic equivalent of one share of common stock.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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