Edgar Filing: STATE STREET CORP

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Phalen James S

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2005

3. Issuer Name and Ticker or Trading Symbol
STATE STREET CORP [STT]

(Last)

(First)

(Middle)

STATE STREET CORPORATION,Â ONE LINCOLN STREET

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Vice President

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

(Street)

BOSTON,Â MAÂ 02111

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	103,658	D	Â
Common Stock	111	I	401(k) Plan ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: 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		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	06/20/2001	06/21/2006	Common Stock	8,000	$ 13.2031	D	Â
Employee Stock Option (right to buy)	Â ⁽²⁾	04/17/2007	Common Stock	26,400	$ 18.3125	D	Â
Employee Stock Option (right to buy)	Â ⁽³⁾	12/18/2008	Common Stock	27,400	$ 33.7187	D	Â
Employee Stock Option (right to buy)	Â ⁽⁴⁾	12/17/2009	Common Stock	25,000	$ 34.6406	D	Â
Employee Stock Option (right to buy)	Â ⁽⁵⁾	12/22/2010	Common Stock	9,400	$ 60.7375	D	Â
Employee Stock Option (right to buy)	02/21/2004	02/22/2012	Common Stock	7,100	$ 49.705	D	Â
Employee Stock Option (right to buy)	Â ⁽⁶⁾	12/19/2012	Common Stock	9,800	$ 40.22	D	Â
Employee Stock Option (right to buy)	Â ⁽⁷⁾	12/17/2013	Common Stock	8,100	$ 49.81	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Phalen James S STATE STREET CORPORATION ONE LINCOLN STREET BOSTON,Â MAÂ 02111	Â	Â	Â Executive Vice President	Â

Signatures

/s/ Richard P. Jacobson, Attorney-in-fact		03/04/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The reporting person indirectly beneficially owns 111 shares of State Street common stock through State Street Corporation's 401(k) plan, as of February 1, 2005. The plan accounts for interest in units of shares and a small amount of cash. As a result the number of underlying shares may fluctuate from time to time.
(2)	Options become exercisable in 33 1/3% installments over a three-year period commencing on April 16, 1998.
(3)	Options become exercisable in 33 1/3% installments over a three-year period commencing on December 17, 1999.
(4)	Options become exercisable in 33 1/3% installments over a three-year period commencing on December 16, 2000.
(5)	Options become exercisable in 33 1/3% installments over a three-year period commencing on December 21, 2001.
(6)	Options become exercisable in 33 1/3% installments over a three-year period commencing on December 19, 2004.
(7)	Options become exercisable in 33 1/3% installments over a three-year period commencing on December 17, 2005.

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