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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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 (Month/Day/Year) 02/29/2008 (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 02/29/2008   A   2,600 A $ 38.59 4,669.2548 D (1) (2)   Common Stock               920.8833 I By 401(k) (3) Common Stock               1,557.646 I Deferred Compensation (4)

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

SAR14 (5)

$ 38.59

02/29/2008

A

1,425

02/28/2009

02/28/2018

SAR

1,425

$ 0

1,425

D

SAR14a (5)

$ 38.59

02/29/2008

A

1,425

02/28/2010

02/28/2018

SAR

1,425

$ 0

1,425

D

SAR14b (5)

$ 38.59

02/29/2008

A

1,425

02/28/2011

02/28/2018

SAR

1,425

$ 0

1,425

D

SAR14c (5)

$ 38.59

02/29/2008

A

1,425

02/29/2012

02/28/2018

SAR

1,425

$ 0

1,425

D

SAR 10 (6)

$ 41.05

03/04/2010

03/04/2015

SAR

15,000

15,000

D

SAR 11 (6)

$ 43.46

03/05/2008

03/05/2017

SAR

975

975

D

SAR 11a (6)

$ 43.46

03/05/2009

03/05/2017

SAR

975

975

D

SAR 11b (6)

$ 43.46

03/05/2010

03/05/2017

SAR

975

975

D

SAR 11c (6)

$ 43.46

03/05/2011

03/05/2017

SAR

975

975

D

Reporting Owners

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

Signatures

By: by Harriette Hyche Attorney-in-Fact for		03/04/2008
**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)	2600 Restricted Stock Units granted on 2/29/08, cliff vesting on 2/28/18 price $38.59/share (exempt under Rule 16b-3).
(2)	2000 Restricted Stock Units reported previously. Includes dividend shares acquired under the Long-Term Incentive Plan (exempt under Rule 16b-3).
(3)	Total shares held by reporting person in PLC's 401(k) & Stock Ownership Plan as of 2/29/08.
(4)	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.
(5)	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 2/28/09.
(6)	Previously reported Stock Appreciation Right (SAR).

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