SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Allen Jay L

(Last)

(First)

(Middle)

C/O THE CHARLES SCHWAB CORPORATION

120 KEARNY STREET

(Street)

SAN FRANCISCO

94108

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/18/2007

3. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP - Human Resources

5. 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 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	15,931⁽¹⁾	D

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: 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	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Option (Right to buy)	04/23/2004	04/23/2013	Common Stock	2,622⁽²⁾	$8.9332	D
Incentive Stock Option (Right to buy)	04/23/2004	04/23/2013	Common Stock	2,622⁽²⁾	$8.9332	D
Nonqualified Stock Option (Right to buy)	12/15/2004	09/30/2011	Common Stock	52,636⁽³⁾	$8.7616	D
Nonqualified Stock Option (Right to buy)	10/30/2007	10/30/2013	Common Stock	21,262⁽⁴⁾	$18.2915	D

Explanation of Responses:

1. Includes 13,431 shares of restricted stock, 3,577 shares which will vest on December 15, 2007 and on December 15, 2008, 1,569 shares which will vest on October 30, 2007, 2008 and 2009, and 1,570 shares which will vest on October 30, 2010.

2. This option was granted on April 23, 2003 under the company's 2001 Stock Incentive Plan and was fully vested on April 23, 2007.

3. This option was granted on September 30, 2004 under the company's 2004 Stock Incentive Plan and will be fully vested on December 15, 2007.

4. This option was granted on October 30, 2006 under the company's 2004 Stock Incentive Plan and vests in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	Jay L. Allen	10/25/2007
	** 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 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).
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.