Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  STEPHENS STEVEN DAN
2. Date of Event Requiring Statement (Month/Day/Year)
01/29/2010
3. Issuer Name and Ticker or Trading Symbol
ZIONS BANCORPORATION /UT/ [ZION]
(Last)
(First)
(Middle)
ONE SOUTH MAIN, 15TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
Executive Vice President / Subsidiary Pres.
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SALT LAKE CITY, UT 84133
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 52,918
D
 
Common Stock 2,325.103
I
By 401(k) Plan (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) 12/03/2005 04/27/2010 Common Stock 4,798 $ 30.9471 D  
Stock Option (right to buy) 12/03/2005 03/13/2011 Common Stock 7,145 $ 43.3036 D  
Stock Option (right to buy) 12/03/2006 12/02/2012 Common Stock 13,645 $ 75.85 D  
Stock Option (right to buy) 12/03/2007 12/02/2012 Common Stock 16,895 $ 75.85 D  
Stock Option (right to buy) 12/03/2008 12/02/2012 Common Stock 20,145 $ 75.85 D  
Stock Option (right to buy) 05/01/2007 04/30/2013 Common Stock 24,145 $ 81.15 D  
Stock Option (right to buy) 05/01/2008 04/30/2013 Common Stock 28,145 $ 81.15 D  
Stock Option (right to buy) 05/01/2009 04/30/2013 Common Stock 32,145 $ 81.15 D  
Stock Option (right to buy) 05/04/2008 05/03/2014 Common Stock 35,595 $ 83.25 D  
Stock Option (right to buy) 05/04/2009 05/03/2014 Common Stock 39,045 $ 83.25 D  
Stock Option (right to buy) 05/04/2010 05/03/2014 Common Stock 42,496 $ 83.25 D  
Stock Option (right to buy) 06/25/2008 06/25/2014 Common Stock 43,474 $ 67.1237 D  
Stock Option (right to buy) 04/24/2009 04/23/2015 Common Stock 46,311 $ 47.29 D  
Stock Option (right to buy) 04/24/2010 04/23/2015 Common Stock 49,148 $ 47.29 D  
Stock Option (right to buy) 04/24/2010 04/23/2015 Common Stock 51,986 $ 47.29 D  
Stock Option (right to buy) 05/18/2009 05/18/2015 Common Stock 53,602 $ 58.2589 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STEPHENS STEVEN DAN
ONE SOUTH MAIN, 15TH FLOOR
SALT LAKE CITY, UT 84133
      Executive Vice President Subsidiary Pres.

Signatures

By Thomas E. Laursen as attorney in fact 02/05/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) The indirect holdings in the 401(k) are held in the Company's unitized stock fund.

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