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^*

Albano John J

(Last)

(First)

(Middle)

THE ST. PAUL TRAVELERS COMPANIES, INC.

385 WASHINGTON STREET

(Street)

ST. PAUL

55102

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/29/2006

3. Issuer Name and Ticker or Trading Symbol
ST PAUL TRAVELERS COMPANIES INC [ STA ]

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

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

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	38,070⁽¹⁾	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)
Performance Shares	⁽²⁾	12/31/2008	Common Stock	9,768⁽²⁾	⁽²⁾	D
Stock Options (Right to buy)	⁽³⁾	01/25/2015	Common Stock	33,502	$36.97	D
Stock Options (Right to buy)	⁽³⁾	01/25/2015	Common Stock	27,059	$36.97	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	268	$40.87	D
Stock Options (Right to buy)	⁽⁴⁾	09/24/2007	Common Stock	433	$40.99	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	6	$41.84	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	209	$41.9	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	513	$41.9	D
Stock Options (Right to buy)	⁽⁵⁾	04/27/2014	Common Stock	14,422	$42.55	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	489	$42.62	D
Stock Options (Right to buy)	⁽⁶⁾	03/22/2012	Common Stock	65,010	$42.69	D
Stock Options (Right to buy)	⁽⁴⁾	09/24/2007	Common Stock	314	$42.7	D
Stock Options (Right to buy)	⁽⁴⁾	09/24/2007	Common Stock	108	$43.05	D
Stock Options (Right to buy)	02/06/2009	02/06/2016	Common Stock	69,102	$44.79	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	1,511	$45.14	D
Stock Options (Right to buy)	03/14/2007	09/24/2007	Common Stock	74	$46.34	D
Stock Options (Right to buy)	⁽⁴⁾	09/24/2007	Common Stock	125	$46.54	D
Stock Options (Right to buy)	03/21/2007	09/24/2007	Common Stock	452	$46.57	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	101	$47.37	D
Stock Options (Right to buy)	⁽⁴⁾	09/24/2007	Common Stock	156	$47.37	D
Stock Options (Right to buy)	⁽⁴⁾	04/18/2010	Common Stock	17,264	$49.42	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	1,452	$51.44	D
Stock Options (Right to buy)	⁽⁴⁾	06/30/2010	Common Stock	76	$52.4	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	1,369	$55.26	D
Stock Options (Right to buy)	⁽⁴⁾	11/02/2008	Common Stock	1,381	$57.49	D
Stock Options (Right to buy)	⁽⁴⁾	01/16/2011	Common Stock	10,790	$59.08	D

Explanation of Responses:

1. This amount includes 35,369 shares of restricted stock that are currently restricted.

2. Each performance share represents the right to receive one share of common stock if the target level of performance is achieved. The performance objective for determining the number of shares earned is the Issuer's adjusted return on equity over a three year period. The actual number of shares received could range from 0-160% of the target number of shares based on a sliding scale of performance levels. For example, 50% of the shares are earned if the minimum objective is achieved, 100% of the shares are earned if the target objective is achieved and 160% of the shares are earned if the maximum objective is achieved. Payouts of performance shares will be interpolated if actual performance exceeds the minimum level, but falls between the specified intermediary levels.

3. With respect to 27,059 of those options, 50% become exercisable on 1/25/07, 25% become exercisable on 1/25/08, and the remaining 25% become exercisable on 1/25/09. With respect to 33,502 of these options, 50% become exercisable on 1/25/09, and the remaining 50% become exercisable on 1/25/10.

4. These options are currently exercisable.

5. 50% of these options are currently exercisable; 25% become exercisable on 4/27/07 and the remaining 25% become exercisable on 4/27/08.

6. 80% of these options are currently exercisable, the remaining 20% become exercisable on 3/22/07.

	Bruce A. Backberg, by power of attorney	10/10/2006
	** 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).
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