SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

COLBY DAVID C

(Last)

(First)

(Middle)

120 MONUMENT CIRCLE

(Street)

INDIANAPOLIS

46204

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/30/2004

3. Issuer Name and Ticker or Trading Symbol
WELLPOINT INC [ WLP ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 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	921	I	401(k)
Common Stock	3,366	I	Irrevocable Trust
Common Stock	252,665	I	Colby Family Trust
Common Stock	14,142	D

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Comp Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	13,736	$0	D
Deferred Comp Stock Units	⁽²⁾	⁽²⁾	Common Stock	2,860	$0	D
Deferred Comp Stock Units	⁽³⁾	⁽³⁾	Common Stock	10,600	$0	D
Employee Stock Option (right to buy)	⁽⁴⁾	08/31/2007	Common Stock	13,682	$21.93	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/10/2010	Common Stock	111,600	$27.57	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/10/2009	Common Stock	45,136	$28.5	D
Employee Stock Option (right to buy)	⁽⁴⁾	06/03/2011	Common Stock	59,520	$34.92	D
Employee Stock Option (right to buy)	⁽⁴⁾	01/31/2011	Common Stock	114,576	$38.9	D
Employee Stock Option (right to buy)	⁽⁵⁾	02/06/2012	Common Stock	133,920	$51.21	D
Employee Stock Option (right to buy)	⁽⁶⁾	02/04/2013	Common Stock	142,600	$55.1	D
Employee Stock Option (right to buy)	⁽⁷⁾	01/25/2014	Common Stock	104,160	$82.06	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/10/2009	Common Stock	59,240	$87.72	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/11/2008	Common Stock	53,331	$87.72	D
Employee Stock Option (right to buy)	⁽⁴⁾	08/31/2007	Common Stock	121,398	$87.72	D

Explanation of Responses:

1. Deferred share right grant made in the Company's Comprehensive Executive Non-qualified Retirement Plan and awarded pursuant to the Company's 1999 Stock Incentive Plan. The deferred shares are fully vested.

2. Deferred share right grant made in the Company's Comprehensive Executive Non-qualified Retirement Plan and awarded pursuant to the Company's 1999 Stock Incentive Plan. The deferred shares will vest on March 15, 2005.

3. Deferred share right grant made in the Company's Comprehensive Executive Non-qualified Retirement Plan and awarded pursuant to the Company's 1999 Stock Incentive Plan. The deferred shares will vest in three equal annual installments beginning January 26, 2005, January 26, 2006 and January 26, 2007.

4. These options are fully vested.

5. The options are vested with respect to 111,600 shares and 22,320 options will vest on February 7, 2005.

6. The options are vested with respect to 71,301 shares and 23,767 options will vest on February 5, 2005, 23,767 on August 5, 2005 and 23,765 options will vest on February 5, 2006.

7. The options are vested with respect to 17,360 shares and 86,800 options will vest in five equal installments on January 26, 2005, July 26, 2005, January 26, 2006, July 26, 2006 and January 26, 2007.

Remarks:

	Nancy Purcell, Attorney-in-fact	12/02/2004
	** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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