Edgar Filing: AETNA INC /PA/

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ROWE JOHN W

2. Issuer Name and Ticker or Trading Symbol
AETNA INC /PA/ [AET]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman & Chief Exec. Officer

(Last)

(First)

(Middle)

151 FARMINGTON AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2005

(Street)

HARTFORD, CT 06156

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	05/16/2005		M		37,000	A	$ 13.1622	0	I	By GRAT
Common Stock	05/16/2005		M		8,000	A	$ 17.5058	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.11	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.18	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		700	D	$ 74.2	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.26	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		300	D	$ 74.37	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		400	D	$ 74.39	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		300	D	$ 74.41	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		100	D	$ 74.43	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		500	D	$ 74.44	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		400	D	$ 74.45	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		700	D	$ 74.48	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		100	D	$ 74.49	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		1,700	D	$ 74.5	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.51	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		500	D	$ 74.52	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		300	D	$ 74.53	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		1,800	D	$ 74.54	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		2,600	D	$ 74.55	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		500	D	$ 74.56	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		1,500	D	$ 74.57	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		800	D	$ 74.58	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		5,100	D	$ 74.59	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.6	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		100	D	$ 74.61	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		1,000	D	$ 74.62	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		1,300	D	$ 74.63	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		600	D	$ 74.64	0	I	By GRATS
Common Stock	05/16/2005		S⁽¹⁾⁽²⁾		200	D	$ 74.65	0	I	By GRATS

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option

$ 13.1622

05/16/2005

37,000

09/15/2001

09/15/2010

Common Stock

37,000

$ 0

439,458

by GRAT

Employee Stock Option

$ 17.5058

05/16/2005

8,000

09/15/2001

09/15/2010

Common Stock

8,000

$ 0

774,976

By GRATS

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ROWE JOHN W 151 FARMINGTON AVENUE HARTFORD, CT 06156	X		Chairman & Chief Exec. Officer

Signatures

John W. Rowe by Judith H. Jones, Attorney-in-Fact		05/17/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the John W. Rowe 2004 GRAT on March 4, 2005 and a Rule 10b5-1 trading plan adopted by the John W. Rowe 2003 GRAT on March 4, 2005.
(2)	THIS IS FORM 1 OF 3. The number of individual Table I line entries making up the sale reported exceeds the EDGAR system's limitations and, therefore, this filing is being made in three parts.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.