UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Security Capital U.S. Realty
69 route d'Esch
L-1470, Luxembourg
2. Issuer Name and Ticker or Trading Symbol
Regency Realty Corporation/REG
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/97
5. If Amendment, Date of Original (Month/Year)
6/96
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director (X) 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 |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |12/4/ |P | |700,000* |A |$22.125 |11,284,439 |I | By Security Capital |
|97 | | | | | | | | Holdings S.A. |
| | | | | | | | | (a wholly owned |
| | | | | | | | | subsidiary) |
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Common Stock |12/4/ |P | |35,000* |A |$21.79 |11,284,439 |I | By Security Capital |
|97 | | | | | | | | Holdings S.A. |
| | | | | | | | | (a wholly owned |
| | | | | | | | | subsidiary) |
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* The transaction is more fully described in the Amendment No. 6 to
Schedule 13D to be filed by Security Capital U.S. Realty and Security
Capital Holdings S.A.
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Right to Purchase* |$22.125 |12/4/|C | |700,000 |D |var- |var- |Common |700,000|n/a |0 |I |By Security |
| |97 | | | | |ies |ies |Stock | | | | | Capital |
| | | | | | | | | | | | | | Holdings |
| | | | | | | | | | | | | | S.A. (a |
| | | | | | | | | | | | | | wholly |
| | | | | | | | | | | | | | owned |
| | | | | | | | | | | | | | subsidiary)|
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| | | | | | | | | | | | | | |
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Explanation of Responses:
* The transaction is more fully described in the Amendment No. 6 to
Schedule 13D to be filed by Security Capital U.S. Realty and Security
Capital Holdings S.A.
SIGNATURE OF REPORTING PERSON
/s/ David Roth
DATE
12/11/97
