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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    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

[_]  Check box if no longer  subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
1.   Name and Address of Reporting Person*

    Bank                             Raymond                        L.
- --------------------------------------------------------------------------------
   (Last)                           (First)                     (Middle)

                          9690 Deereco Road, Suite 800
- --------------------------------------------------------------------------------
                                    (Street)

  Timonium                            MD                         21093
- --------------------------------------------------------------------------------
   (City)                           (State)                      (Zip)

________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol

                        Regency Centers Corporation (REG)
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

________________________________________________________________________________
4.   Statement for Month/Day/Year

                                September 9, 2002
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Day/Year)

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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [_]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)

                         _______________________________
________________________________________________________________________________
7.   Individual or Joint/Group Filing (Check applicable line)

     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
________________________________________________________________________________


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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
5. Amount of Securities 6. 4. Beneficially Owner- Securities Acquired (A) or Owned ship 2A. 3. Disposed of (D) Following Form: 7. 2. Deemed Transaction (Instr. 3, 4 and 5) Reported Direct Nature of Trans- Execution Code ------------------------------- Trans- (D) or Indirect 1. action Date, (Instr. 8) (A) action(s) Indirect Beneficial Title of Security Date if any ------------ or (Instr. (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price 3 & 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 09/09/02 M 1,000 A $22.25 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 F 717 D $31.05 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 M 3,750 A $21.8750 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 F 2,642 D $31.05 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 M 2,500 A $22.0625 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 F 1,776 D $31.05 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 M 1,250 A $24.60 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 F 990 D $31.05 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 09/09/02 M 1,521 A Note 1 12,567 D ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Note 1: Settlement of dividend equivalent units in connection with exercise of option. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) (Form 4-07/98) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Deriv- Form 2. ative Conver- 5. 7. Secur- Deriv- 11. sion Number of Title and Amount ities ative Nature or 3A. Derivative 6. of Underlying 8. Bene- Secur- of Exer- Deemed 4. Securities Date Securities Price ficially ity: In- cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $22.25 09/09/02 M 1,000 12/31/99 12/31/08 Stock 1,000 0 - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $21.8750 09/09/02 M 3,750 05/06/00 05/06/09 Stock 3,750 1,250 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $22.0625 09/09/02 M 2,500 05/03/01 05/03/10 Stock 2,500 2,500 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $24.60 09/09/02 M 1,250 05/01/02 05/01/11 Stock 1,250 3,750 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $31.05 09/09/02 A 717 09/09/02 12/31/08 Stock 717 717 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $31.05 09/09/02 A 2,642 09/09/02 05/06/09 Stock 2,642 2,642 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $31.05 09/09/02 A 1,776 09/09/02 05/03/10 Stock 1,776 1,776 D - ------------------------------------------------------------------------------------------------------------------------------------ Stock option Common (right to buy) $31.05 09/09/02 A 990 09/09/02 05/01/11 Stock 990 990 D - ------------------------------------------------------------------------------------------------------------------------------------ Divident Common Equivalent 1 for 1 09/09/02 M 1,521 Note 1 Stock 1,521 0 ====================================================================================================================================
Explanation of Responses: Note 1: Settlement of dividend equivalent units in connection with exercise of option. /s/ Linda Y. Kelso September 11, 2002 - --------------------------------------------- ----------------------- Linda Y. Kelso, as attorney-in-fact Date for Raymond L. Bank ** 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 provided is insufficient, see Instruction 6 for procedure. Page 2