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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
JOHNS JOHN D
  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)
President
(Last)
(First)
(Middle)
2801 HIGHWAY 280 SOUTH
3. Date of Earliest Transaction (Month/Day/Year)
05/17/2007
(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 05/17/2007   A   2,118 A $ 47.323 15,124 D  
Common Stock 05/17/2007   F   1,158 D $ 47.323 13,966 D  
Common Stock 05/17/2007   A   33,188.58 A $ 47.323 304,024.832 I Deferred Compensation (1)
Common Stock               9,607.9548 I By 401(k) (2)
Common Stock               2,600 I By wife (3)
Common Stock               400 I By wife as co-trustee of Trust (3)
Common Stock               600 I By wife as custodian for Daughter (3)
Common Stock               600 I by wife as custodian for son (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 06 (4) $ 41.05             03/04/2006 03/04/2015 SAR 5,800   5,800 D  
SAR 06 a (4) $ 41.05             03/04/2007 03/04/2015 SAR 5,800   5,800 D  
SAR 06 b (4) $ 41.05             03/04/2008 03/04/2015 SAR 5,800   5,800 D  
SAR 06 c (4) $ 41.05             03/04/2009 03/04/2015 SAR 5,800   5,800 D  
SAR 11 (4) $ 43.46             03/05/2008 03/05/2017 SAR 15,100   15,100 D  
SAR 11a (4) $ 43.46             03/05/2009 03/05/2017 SAR 15,100   15,100 D  
SAR 11b (4) $ 43.46             03/05/2010 03/05/2017 SAR 15,100   15,100 D  
SAR 11c (4) $ 43.46             03/05/2011 03/05/2017 SAR 15,100   15,100 D  
SAR 2 (4) $ 22.31             03/06/2005 03/06/2010 SAR 50,000   50,000 D  
SAR 3 3 06 (4) $ 48.6             03/03/2007 03/03/2016 SAR 6,325   6,325 D  
SAR 3 3 06 a (4) $ 48.6             03/03/2008 03/03/2016 SAR 6,325   6,325 D  
SAR 3 3 06 b (4) $ 48.6             03/03/2009 03/03/2016 SAR 6,325   6,325 D  
SAR 3 3 06 c (4) $ 48.6             03/03/2010 03/03/2016 SAR 6,325   6,325 D  
SAR 4 (4) $ 32             03/04/2007 03/04/2012 SAR 300,000   300,000 D  
SAR 6 (4) $ 22.31             07/21/2004 03/06/2010 SAR 116,302   116,302 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JOHNS JOHN D
2801 HIGHWAY 280 SOUTH
BIRMINGHAM, AL 35223
      President  

Signatures

 By: by Harriette Hyche Attorney-in-Fact for   05/18/2007
**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) 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.
(2) Total Shares held by reporting person in PLC's 401(k) & Stock Ownership Plan as of 4/30/07.
(3) I disclaim beneficial ownership of such shares.
(4) Previously reported Stock Appreciation Right (SAR).

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

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.