Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
LONG DEBORAH J
  2. Issuer Name and Ticker or Trading Symbol
PROTECTIVE LIFE CORP [PL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP
(Last)
(First)
(Middle)
2801 HIGHWAY 280 SOUTH
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2007
(Street)

BIRMINGHAM, AL 35223
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 03/05/2007   A   3,000 A $ 0 6,541 D  
Common Stock               3,402.7739 I By 401(k) (1)
Common Stock               49,537.4542 I Deferred Compensation (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
SAR 11 (3) $ 43.46 03/05/2007   A   1,850   03/05/2008 03/05/2017 SAR 1,850 $ 0 1,850 D  
SAR 11a (3) $ 43.46 03/05/2007   A   1,850   03/05/2009 03/05/2017 SAR 1,850 $ 0 1,850 D  
SAR 11b (3) $ 43.46 03/05/2007   A   1,850   03/05/2010 03/05/2017 SAR 1,850 $ 0 1,850 D  
SAR 11c (3) $ 43.46 03/05/2007   A   1,850   03/05/2011 03/05/2017 SAR 1,850 $ 0 1,850 D  
SAR 06 (4) $ 41.05             03/04/2006 03/04/2015 SAR 700   700 D  
SAR 06 a (4) $ 41.05             03/04/2007 03/04/2015 SAR 700   700 D  
SAR 06 b (4) $ 41.05             03/04/2008 03/04/2015 SAR 700   700 D  
SAR 06 c (4) $ 41.05             03/04/2009 03/04/2015 SAR 700   700 D  
SAR 3 3 06 (5) $ 48.6             03/03/2007 03/03/2016 SAR 750   750 D  
SAR 3 3 06 a (5) $ 48.6             03/03/2008 03/03/2016 SAR 750   750 D  
SAR 3 3 06 b (5) $ 48.6             03/03/2009 03/03/2016 SAR 750   750 D  
SAR 3 3 06 c (5) $ 48.6             03/03/2010 03/03/2016 SAR 750   750 D  
SAR 4 (5) $ 32             03/04/2007 03/04/2012 SAR 15,000   15,000 D  
SAR 6 (5) $ 22.31             07/21/2004 03/06/2010 SAR 17,962   17,962 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LONG DEBORAH J
2801 HIGHWAY 280 SOUTH
BIRMINGHAM, AL 35223
      Sr. VP  

Signatures

 By: by Harriette Hyche Attorney-in-Fact for   03/08/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Total Shares held by reporting person in PLC's 401(k) & Stock Ownership Plan as of 3/1/07.
(2) Shares acquired through PLC Def. Comp. Plan for Officers of the Corporation (exempt under Rule 16b-3).Total amount in Col. 5 includes dividend shares acquired under the PLC Def. Comp. Plan for Officers exempt under Rule 16-a 11.
(3) Stock Appreciation Right awarded under the Protective Life Corporation Long-Term Incentive Plan in transaction exempt under Rule 16b-3 becoming exercisable in equal installments over four years beginning 3/5/08.
(4) Previously reported Stock Appreciation Right (SAR) shown in 4 equal installments.
(5) Previously reported Stock Appreciation Right (SAR).

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