- Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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

1. Name and Address of Reporting Person ^* WALKER STEVEN G	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 Vice President
(Last) (First) (Middle) 2801 HIGHWAY 280, SOUTH	3. Date of Earliest Transaction (MM/DD/YYYY) 3/5/2007
(Street) BIRMINGHAM, AL 35223 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. 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
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								1635 ⁽¹⁾	D
Common Stock								1544.67	I	By 401(k) ⁽²⁾
Common Stock								7331.335	I	Deferred Compensation ⁽³⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/5/2007		A		2000		3/5/2008 ⁽⁵⁾	3/5/2011 ⁽⁵⁾	Common Stock	2000	$0	2000	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/5/2007		J		153 ⁽⁶⁾		3/5/2008	3/5/2011	Common Stock	153	$0	2153	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/5/2007		F			183 ⁽⁷⁾	3/5/2008	3/5/2011	Common Stock	183	$0	1970	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/5/2007		M			410 ⁽⁸⁾	3/5/2008	3/5/2011	Common Stock	410	$0	1560	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/5/2007		M			1005 ⁽⁹⁾	3/5/2008	3/5/2011	Common Stock	1005	$0	555	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	2/28/2008		A		2600		2/28/2018 ⁽¹⁰⁾	2/28/2018 ⁽¹⁰⁾	Common Stock	2600	$0	2600	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	2/28/2008		J		226 ⁽¹¹⁾		2/28/2018	2/28/2018	Common Stock	226	$0	2826	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/4/2009		A		25000		3/4/2012 ⁽¹²⁾	3/4/2013 ⁽¹²⁾	Common Stock	25000	$0	25000	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	3/4/2009		J		965 ⁽¹¹⁾		3/4/2012	3/4/2013	Common Stock	965	$0	25965	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	2/26/2010		A		11050		2/26/2013 ⁽¹³⁾	2/26/2014 ⁽¹³⁾	Common Stock	11050	$0	11050	D
Restricted Stock Units ⁽⁴⁾	⁽⁴⁾	2/26/2010		J		76 ⁽¹¹⁾		2/26/2013	2/26/2014	Common Stock	76	$0	11126	D
SAR ⁽¹⁴⁾	$43.46							3/5/2008	3/5/2017	Common Stock	975		975	D
SAR ⁽¹⁴⁾	$38.59							2/28/2009	2/28/2018	Common Stock	1425		1425	D
SAR ⁽¹⁴⁾	$43.46							3/5/2009	3/5/2017	Common Stock	975		975	D
SAR ⁽¹⁴⁾	$38.59							2/28/2010	2/28/2018	Common Stock	1425		1425	D
SAR ⁽¹⁴⁾	$41.05							3/4/2010	3/4/2015	Common Stock	15000		15000	D
SAR ⁽¹⁴⁾	$3.5							3/4/2010	3/4/2020	Common Stock	13889		13889	D
SAR ⁽¹⁴⁾	$43.46							3/5/2010	3/5/2017	Common Stock	975		975	D
SAR ⁽¹⁴⁾	$18.36							2/26/2011	2/26/2020	Common Stock	3617		3617	D
SAR ⁽¹⁴⁾	$38.59							2/28/2011	2/28/2018	Common Stock	1425		1425	D
SAR ⁽¹⁴⁾	$3.5							3/4/2011	3/4/2020	Common Stock	13889		13889	D
SAR ⁽¹⁴⁾	$43.46							3/5/2011	3/5/2017	Common Stock	975		975	D
SAR ⁽¹⁴⁾	$18.36							2/26/2012	2/26/2020	Common Stock	3617		3617	D
SAR ⁽¹⁴⁾	$38.59							2/29/2012	2/28/2018	Common Stock	1425		1425	D
SAR ⁽¹⁴⁾	$3.5							3/4/2012	3/4/2020	Common Stock	13889		13889	D
SAR ⁽¹⁴⁾	$18.36							2/26/2013	2/26/2020	Common Stock	3616		3616	D

Explanation of Responses:
( 1)	Movement of restricted stock unit reporting from Table I to Table II
( 2)	Total shares held by reporting person in PLC's 401(k) and Stock Ownership Plan as of 6/2/10.
( 3)	Previously reported shares acquired through PLC Def. Comp. Plan for Officers of the Corporation (exempt under Rule 16b-3).
( 4)	Each restricted stock unit represents a contingent right to receive one share of PLC common stock.
( 5)	2,000 restricted stock units granted on 3/5/07 (exempt under Rule 16b-3) previously reported. 25% of the restricted stock units will vest in each of 2008, 2009, 2010 and 2011 subject to the terms of the Long-Term Incentive Plan.
( 6)	Accrued dividends on restricted stock units (exempt under Rule 16b-3). Includes 30.2548 units previously reported.
( 7)	Withholding of restricted stock units to satisfy tax withholding obligation upon the vesting of restricted stock units (exempt under Rule 16b-3). Includes 155.8600 units previously reported.
( 8)	Vested restricted stock units (exempt under Rule 16b-3). Included under direct holdings on Table I.
( 9)	Vested restricted stock units (exempt under Rule 16b-3) of which 540 units were previously reported. Included under deferred compensation on Table I.
( 10)	Cliff vesting on 2/28/18 of 2,600 restricted stock units granted on 2/29/08 (exempt under Rule 16b-3), previously reported.
( 11)	Accrued dividends on restricted stock units (exempt under Rule 16b-3).
( 12)	25,000 restricted stock units granted on 3/4/09 (exempt under Rule 16b-3), previously reported. 50% of the restricted stock units will vest in each of 2012 and 2013 subject to the terms of the plan.
( 13)	11,050 restricted stock units granted on 2/26/10 (exempt under Rule 16b-3), previously reported. 50% of the restricted stock units will vest in each of 2013 and 2014 subject to the terms of the plan.
( 14)	Previously reported Stock Appreciation Right (SAR).

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
WALKER STEVEN G 2801 HIGHWAY 280, SOUTH BIRMINGHAM, AL 35223			SR Vice President

Signatures
by Harriette Hyche Attorney-in-Fact for Steven G. Walker		6/24/2010
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.