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

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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^*

KOCH CHARLES JOHN

(Last)

(First)

(Middle)

1215 SUPERIOR AVENUE

(Street)

CLEVELAND

44114-

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CHARTER ONE FINANCIAL INC [ CF ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and Chief Executive O

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2003

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	12/22/2003		M		150,000	A	$10.57	739,505	D
Common Stock	12/22/2003		M		6,055	A	$16.5	745,560	D
Common Stock								112,301	I	By ESOP
Common Stock								81,505	I	By 401(k)
Common Stock								11,065	I	By IRA Trustee
Common Stock								18,570	I	Trustee for sons
Common Stock								14,423	I	By wife
Common Stock								128,721	I	Family Limited Partnership

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)
Incentive Stock Option	$16.17							01/19/2003	01/19/2010	Common Stock	6,183		6,183	D
Incentive Stock Option	$16.5	12/22/2003		M			6,055	01/22/2000	01/22/2007	Common Stock	6,055	$0	0	D
Incentive Stock Option	$22.28							01/21/2001	01/21/2008	Common Stock	4,489		4,489	D
Incentive Stock Option	$23.09							01/19/2002	01/19/2009	Common Stock	4,330		4,330	D
Incentive Stock Option	$24.01							01/23/2004	01/23/2011	Common Stock	4,165		4,165	D
Incentive Stock Option	$25.33							01/19/2005	12/19/2011	Common Stock	3,947		3,947	D
Incentive Stock Option	$29.09							01/18/2006	12/18/2012	Common Stock	3,437		3,437	D
Incentive Stock Option	$32.76							01/19/2007	12/19/2013	Common Stock	3,052		3,052	D
Nonqualified Stock Option	$10.57	12/22/2003		M			150,000	01/17/1997	01/17/2006	Common Stock	150,000	$0	272,130	D
Nonqualified Stock Option	$16.17							01/19/2001	01/19/2010	Common Stock	248,494		248,494	D
Nonqualified Stock Option	$16.5							01/22/2000	01/22/2007	Common Stock	133,315		133,315	D
Nonqualified Stock Option	$22.28							01/21/2001	01/21/2008	Common Stock	260,979		260,979	D
Nonqualified Stock Option	$23.09							01/19/2002	01/19/2009	Common Stock	263,081		263,081	D
Nonqualified Stock Option	$24.01							01/23/2004	01/23/2011	Common Stock	238,385		238,385	D
Nonqualified Stock Option	$25.33							01/19/2005	12/19/2011	Common Stock	263,803		263,803	D
Nonqualified Stock Option	$29.09							01/18/2006	12/18/2012	Common Stock	251,563		251,563	D
Nonqualified Stock Option	$32.76							01/19/2007	12/19/2013	Common Stock	251,948		251,948	D

Explanation of Responses:

	Robert J. Vana, Power of Attorney	12/24/2003
	** 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.