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*
ELLIOTT STEVEN G
(Last) (First) (Middle)
ROOM 4700, ONE MELLON CENTER
(Street)
PITTSBURGH PA 15258-0001
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MELLON FINANCIAL CORP [ MEL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice Chairman
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2007
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)
Code V Amount (A) or (D) Price
Common Stock 07/01/2007 D 804,508.62 D (1) 0.00 D
Common Stock 07/01/2007 D 9,859.19 D (1) 0.00 I 401(k) Plan(2)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
EMP OPT (Right to Buy) Type III 1/98 $29.6563 07/01/2007 D 62,500 01/21/1999(3) 01/20/2008 Common Stock 62,500 (3) 0.00 D
EMP OPT-Right to Buy-Type I 10/98 $29.3125 07/01/2007 D 70,000 10/23/1999(3) 10/22/2008 Common Stock 70,000 (3) 0.00 D
EMP OPT-Right to Buy-Type I 1/99 $33.25 07/01/2007 D 18,400 01/21/2000(3) 01/20/2009 Common Stock 18,400 (3) 0.00 D
EMP OPT-Right to Buy-Type III 5/99 $35.4375 07/01/2007 D 43,400 05/18/2000(3) 05/17/2009 Common Stock 43,400 (3) 0.00 D
EMP OPT (Right to Buy) Type I 5/00 $35.25 07/01/2007 D 100,000 05/15/2001(3) 05/14/2010 Common Stock 100,000 (3) 0.00 D
EMP OPT (Right to Buy) Type I 5/01 $43.18 07/01/2007 D 130,000 05/14/2002(3) 05/13/2011 Common Stock 130,000 (3) 0.00 D
EMP OPT-Right to Buy-Type I 1/02 $38.7 07/01/2007 D 62,654 01/18/2003(3) 01/17/2012 Common Stock 62,654 (3) 0.00 D
EMP OPT (Right to Buy) Type I 5/02 $38.19 07/01/2007 D 156,827 05/20/2003(3) 05/19/2012 Common Stock 156,827 (3) 0.00 D
EMP OPT (Right to Buy) Type I 5/03 $25.6 07/01/2007 D 225,350 05/19/2004(3) 05/18/2013 Common Stock 225,350 (3) 0.00 D
EMP OPT-Right to Buy-Type I 5/04 $27.67 07/01/2007 D 145,455 05/17/2005(3) 05/16/2014 Common Stock 145,455 (3) 0.00 D
EMP OPT-Right to Buy-Type NQ 5/05 $27.91 07/01/2007 D 213,324 05/17/2006(3) 05/16/2015 Common Stock 213,324 (3) 0.00 D
EMP OPT-RTB-Type NQ 05/06 $37.33 07/01/2007 D 125,600 05/15/2007(3) 05/14/2016 Common Stock 125,600 (3) 0.00 D
EMP OPT (Right to Buy) Type NQ 02/20/07 $45.97 07/01/2007 D 195,095 02/20/2008(4) 02/19/2017 Common Stock 195,095 (4) 0.00 D
EMP OPT 02/07 Type NQS $45.97 07/01/2007 D 16,876 07/01/2010(5) 02/19/2017 Common Stock 16,876 (5) 0.00 D
Explanation of Responses:
1. Disposed of in exchange for an equal number of shares of The Bank of New York Mellon Corporation ("BNY Mellon") pursuant to the merger of Mellon Financial Corporation ("MFC") into BNY Mellon (the "Merger").
2. Holdings reported as of 06/30/2007.
3. The options, which provided for vesting in three equal annual installments beginning on the date shown, were exchanged in the Merger for an equal number of options of BNY Mellon.
4. The options, which provided for vesting in five equal annual installments beginning on the date shown, were exchanged in the Merger for an equal number of options of BNY Mellon.
5. The options, which provided for vesting on the third anniversary of the consummation of the Merger, were exchanged in the Merger for an equal number of options of BNY Mellon.
/s/ Carl Krasik, Attorney-in-Fact 07/03/2007
** 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).
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