U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Graev Lawrence G.
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(Last) (First) (Middle)
The GlenRock Group,LLC, Tower 56, 126 East 56th Street
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
THE ST. PAUL COMPANIES, INC. (SPC)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Day/Year
March 18, 2003
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*If the form is filled by more than one reporting person,
see Instruction 4(b)(v).
5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
Title if applicable: Director
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) Beneficially ship
2a. 3. or Disposed of (D) Owned Form: 7.
Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
2. Execution Code ------------------------------ Reported (D) or Indirect
1. Transaction Date, if (Instr. 8) (A) Transaction(s)Indirect Beneficial
Title of Security Date any ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 3A. 4. Securities Date Securities Price Bene- ity: In-
cise 3. Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- Execution action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Date, if Code of(D) (Month/Day/Year) Amount ative Following In- ficial
Title of Deriv- Date any(Month/ (Instr. (Instr. 3, ---------------- or Secur- Reported direct Owner-
Derivative ative (Month/ Day/Year) 8) 4 and 5) Date Expira- Number ity Tran(s) (I) ship
Security Secur- Day/ ------ -------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Deferred $0.00 03/18/03 A 15.63 Common 15.63 $31.99 479.81 D
Compens- Stock
ation
Phantom
Stock (1)
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Explanation of Responses:
(1) These are phantom shares acquired under the Company's Director's Deferred Compensation Plan. Allowed distributions must be
received by the reporting person in cash according to an election(s) previously made by the reporting person, approved by the
Company's Personnel & Compensation Committee, and kept on file by the Company. Acquisitions are exempt under Rule 16b-3(d).
By: /s/ Lawrence G. Graev 031803
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**Signature of Reporting Person Date
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** 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 provided is insufficient, see Instruction 6 for procedure.