SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ALLBRITTON BARBARA B

(Last)

(First)

(Middle)

2970 LAZY LANE

(Street)

HOUSTON

77019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
RIGGS NATIONAL CORP [ RIGS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2004

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/19/2004		M		2,500	A	$13.125	1,334,232	D
Common Stock	08/19/2004		M		2,500	A	$13.19	1,336,732	D
Common Stock	08/19/2004		M		2,500	A	$13.84	1,339,232	D
Common Stock	08/19/2004		M		124,000	A	$12	7,808,062	I	See footnote⁽¹⁾
Common Stock	08/19/2004		M		300,000	A	$10.63	8,108,062	I	See footnote⁽²⁾
Common Stock	08/19/2004		M		100,000	A	$12	8,208,062	I	See footnote⁽³⁾
Common Stock	08/19/2004		M		1,000,000	A	$12.38	9,208,062	I	See footnote⁽⁴⁾
Common Stock	08/20/2004		M		396,000	A	$15.1875	9,604,062	I	See footnote⁽⁵⁾
Common Stock								9,604,062	I	See footnote⁽⁵⁾
Common Stock								1,339,232	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Buy	$13.125	08/19/2004		M			2,500	04/12/2000	04/12/2010	Common Stock	2,500	$0⁽⁶⁾	0	D
Option to Buy	$13.19	08/19/2004		M			2,500	07/17/2002	07/17/2012	Common Stock	2,500	$0⁽⁶⁾	0	D
Option to Buy	$13.84	08/19/2004		M			2,500	04/16/2003	04/16/2013	Common Stock	2,500	$0⁽⁶⁾	0	D
Option to Buy	$12	08/19/2004		M			124,000	04/10/1996	04/10/2006	Common Stock	124,000	$0⁽⁶⁾	0	I	See Footnote⁽⁷⁾
Option to Buy	$10.63	08/19/2004		M			300,000	02/12/1996	07/12/2005	Common Stock	300,000	$0⁽⁶⁾	0	I	See Footnote⁽⁷⁾
Option to Buy	$12	08/19/2004		M			100,000	04/10/1996	04/10/2006	Common Stock	100,000	$0⁽⁶⁾	0	I	See Footnote⁽⁷⁾
Option to Buy	$12.38	08/19/2004		M			1,000,000	⁽⁹⁾	07/10/2006	Common Stock	1,000,000	$0⁽⁶⁾	0	I	See Footnote⁽⁷⁾
Option to Buy	$15.1875	08/20/2004		M			396,000	01/19/2001	01/19/2011	Common Stock	396,000	$0⁽⁶⁾	0	I	See Footnote⁽⁷⁾
Option to Buy	$19.5							07/14/1999	07/14/2009	Common Stock	1,000,000		1,000,000	I	See Footnote⁽⁷⁾
Option to Buy	$20.5							⁽⁸⁾	07/09/2007	Common Stock	500,000		500,000	I	See Footnote⁽⁷⁾
Option to Buy	$20.5							07/09/1997	07/09/2007	Common Stock	15,000		15,000	D
Option to Buy	$17.5625							04/14/1999	04/14/2009	Common Stock	5,000		5,000	D
Option to Buy	$17							04/11/2001	04/11/2011	Common Stock	2,500		2,500	D

Explanation of Responses:

1. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for her son, 7,301,441 shares beneficially owned directly and 475,511 shares owned indirectly by Joe L. Allbritton, her husband.

2. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for her son, 7,601,441 shares beneficially owned directly and 475,511 shares owned indirectly by Joe L. Allbritton, her husband.

3. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for her son, 7,701,441 shares beneficially owned directly and 475,511 shares owned indirectly by Joe L. Allbritton, her husband.

4. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for her son, 8,701,441 shares beneficially owned directly and 475,511 shares owned indirectly by Joe L. Allbritton, her husband.

5. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for her son, 9,097,441 shares beneficially owned directly and 475,511 shares owned indirectly by Joe L. Allbritton, her husband.

6. Issued under issuer's stock option plan.

7. Pursuant to Rule 16a-1(a)(4), Mrs. Allbritton disclaims beneficial ownership of the securities which represent options to buy granted to Joe L. Allbritton, her husband, pursuant to the issuer's stock option plans.

8. Option granted under the issuer's 1996 Stock Option Plan and exercisable on earlier to occur of change of control, or, as to each 250,000 shares on the date on which the average reported closing price of the common stock has been $22.50 and $25.00, respectively, for each of 60 consecutive days.

9. Option granted under the issuer's 1996 Stock Option Plan and exercisable on earliest to occur of change of control, or for 500,000 on date on which reported closing price of underlying stock has been at least $14 per share on all of the days in any consecutive 60-day period, and for 500,000 on date on which reported closing price of underlying stock has been at least $16 per share on all of the trading days in any consecutive 60-day period.

	/s/ BARBARA ALLBRITTON	08/20/2004
	** 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 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 Number.