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
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ARNOLD DOYLE L 		2. Issuer Name and Ticker or Trading Symbol

ZIONS BANCORPORATION /UT/ [ ZION ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      __ X __ Other (specify below)
Former Vice Chairman and / Chief Financial Officer
(Last)          (First)          (Middle)

ONE SOUTH MAIN STREET, 15TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/3/2015
(Street)

SALT LAKE CITY, UT 84133-1109
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   8/3/2015     M    55100   A $27.98   176099   D    
Common Stock   8/3/2015     S    100   D $31.03   175999   D    
Common Stock   8/3/2015     S    700   D $31.05   175299   D    
Common Stock   8/3/2015     S    200   D $31.051   175099   D    
Common Stock   8/3/2015     S    100   D $31.055   174999   D    
Common Stock   8/3/2015     S    1100   D $31.06   173899   D    
Common Stock   8/3/2015     S    100   D $31.065   173799   D    
Common Stock   8/3/2015     S    1100   D $31.07   172699   D    
Common Stock   8/3/2015     S    200   D $31.071   172499   D    
Common Stock   8/3/2015     S    100   D $31.075   172399   D    
Common Stock   8/3/2015     S    3100   D $31.08   169299   D    
Common Stock   8/3/2015     S    100   D $31.081   169199   D    
Common Stock   8/3/2015     S    100   D $31.081   169099   D    
Common Stock   8/3/2015     S    200   D $31.082   168899   D    
Common Stock   8/3/2015     S    400   D $31.085   168499   D    
Common Stock   8/3/2015     S    3900   D $31.09   164599   D    
Common Stock   8/3/2015     S    300   D $31.091   164299   D    
Common Stock   8/3/2015     S    200   D $31.092   164099   D    
Common Stock   8/3/2015     S    3200   D $31.095   160899   D    
Common Stock   8/3/2015     S    20000   D $31.10   140899   D    
Common Stock   8/3/2015     S    900   D $31.101   139999   D    
Common Stock   8/3/2015     S    1000   D $31.101   138999   D    
Common Stock   8/3/2015     S    100   D $31.102   138899   D    
Common Stock   8/3/2015     S    7500   D $31.105   131399   D    
Common Stock   8/3/2015     S    1600   D $31.108   129799   D    
Common Stock   8/3/2015     S    1807   D $31.11   127992   D    
Common Stock   8/3/2015     S    2500   D $31.115   125492   D    
Common Stock   8/3/2015     S    693   D $31.12   124799   D    
Common Stock   8/3/2015     S    200   D $31.122   124599   D    
Common Stock   8/3/2015     S    200   D $31.125   124399   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Option (right to buy)   $27.98   8/3/2015     M         55100      (1) 8/14/2015   Common Stock   55100.0   $27.98   20188   D    

Explanation of Responses:
( 1)  Options granted under the Zions Bancorporation 2005 Stock Option and Incentive Plan. Options vest 33% per year for 3 years.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ARNOLD DOYLE L
ONE SOUTH MAIN STREET, 15TH FLOOR
SALT LAKE CITY, UT 84133-1109

Former Vice Chairman and Chief Financial Officer

Signatures
By Thomas E. Laursen as attorney in fact 8/4/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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