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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*

   Stein Jr.                        Martin                         E.
- --------------------------------------------------------------------------------
   (Last)                           (First)                     (Middle)

                       121 West Forsyth Street, Suite 200
- --------------------------------------------------------------------------------
                                    (Street)

  Jacksonville                        FL                         32202
- --------------------------------------------------------------------------------
   (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


                               November 7, 2002
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Day/Year)


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

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

                      Chairman and Chief Executive Officer
                      ------------------------------------
________________________________________________________________________________
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 11/07/02 M 14,028 A $26.875 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/07/02 F 12,760 D $31.78 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/07/02 M 17,242 A $24.69 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/07/02 F 14,990 D $31.78 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/07/02 M 26,700 A $25.25 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 11/07/02 F 23,488 D $31.78 242,006 D - ----------------------------------------------------------------------------------------------------------------------------------- 160,263 I Note 1 - ----------------------------------------------------------------------------------------------------------------------------------- 415,382 I Note 2 ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). 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) - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $26.875 11/07/02 M 14,028 05/12/97 11/05/03 Stock 14,028 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $24.69 11/07/02 M 17,242 02/01/01 11/05/03 Stock 17,242 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $25.25 11/07/02 M 26,700 01/15/01 01/15/07 Stock 26,700 0 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $31.78 11/07/02 A 12,760 11/07/02 11/05/03 Stock 12,760 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $31.78 11/07/02 A 14,990 11/07/02 11/05/03 Stock 14,990 27,750 D - ------------------------------------------------------------------------------------------------------------------------------------ Employee stock option Common (right to buy) $31.78 11/07/02 A 23,488 11/07/02 01/15/07 Stock 23,488 23,488 D - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) Shares held by The Regency Group (Nevada) Limited Partnership, the sole general partner of which is a wholly-owned subsidiary of The Regency Group, Inc. All of the outstanding stock of The Regency Group, Inc. is owned by The Regency Square Group II (Nevada) Limited Partnership, the sole general partner of which is a corporation in which all of the outstanding stock is owned by Mr. Stein and members of his family. (2) Represents 307,147 shares held by The Regency Group II and 108,235 shares held by Regency Square II. Mr. Stein is a general partner of The Regency Group II and Regency Square II and a trustee of a trust that is also a general partner in those Partnerships. /s/ Linda Y. Kelso November 11, 2002 - --------------------------------------------- ----------------------- Linda Y. Kelso, as attorney-in-fact Date for Martin E. Stein, Jr. ** 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