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

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1. Name and Address of Reporting Person* Modjtabai Avid (Last) (First) (Middle) 420 MONTGOMERY STREET (Street) SAN FRANCISCO CA 94104 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/28/2005	3. Issuer Name and Ticker or Trading Symbol WELLS FARGO & CO/MN [ WFC ]
		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 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, $1 2/3 par value	17,380.291(1)	D
Common Stock, $1 2/3 par value	1,398.0021(2)	I	Through 401(k) Plan

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	03/01/2025	03/01/2025	Common Stock, $1 2/3 par value	83.7088	(3)	D
Phantom Stock Units	(4)	(4)	Common Stock, $1 2/3 par value	2,269.2095	(3)	D
Employee Stock Purchase Option	07/15/1999	07/15/2007	Common Stock, $1 2/3 par value	987	$26.55	D
Employee Stock Purchase Option	07/15/2000	07/15/2007	Common Stock, $1 2/3 par value	1,493	$26.55	D
Employee Stock Purchase Option	02/17/1999	02/17/2008	Common Stock, $1 2/3 par value	2,530	$32.66	D
Employee Stock Purchase Option	02/17/2000	02/17/2008	Common Stock, $1 2/3 par value	2,530	$32.66	D
Employee Stock Purchase Option	02/17/2001	02/17/2008	Common Stock, $1 2/3 par value	2,530	$32.66	D
Employee Stock Purchase Option	02/27/2002	02/27/2011	Common Stock, $1 2/3 par value	5,600	$49.58	D
Employee Stock Purchase Option	02/27/2003	02/27/2011	Common Stock. $1 2/3 par value	5,600	$49.58	D
Employee Stock Purchase Option	02/27/2004	02/27/2011	Common Stock, $1 2/3 par value	5,600	$49.58	D
Employee Stock Purchase Option	02/26/2003	02/26/2012	Common Stock, $1 2/3 par value	6,950	$46.6	D
Employee Stock Purchase Option	02/26/2004	02/26/2012	Common Stock, $1 2/3 par value	6,950	$46.6	D
Employee Stock Purchase Option	02/26/2005	02/26/2012	Common Stock, $1 2/3 par value	6,950	$46.6	D
Employee Stock Purchase Option	02/25/2004	02/25/2013	Common Stock, $1 2/3 par value	10,497	$45.24	D
Employee Stock Purchase Option	02/25/2005	02/25/2013	Common Stock, $ 1 2/3 par value	10,497	$45.24	D
Employee Stock Purchase Option	02/25/2006	02/25/2013	Common Stock, $1 2/3 par value	10,496	$45.24	D
Employee Stock Purchase Option	01/12/2004	02/22/2010	Common Stock, $1 2/3 par value	4,740	$57.38	D
Employee Stock Purchase Option	02/24/2004	02/24/2014	Common Stock, $1 2/3 par value	34,390	$56.86	D
Employee Stock Purchase Option	08/18/2004	02/22/2010	Common Stock, $1 2/3 par value	7,015	$57.88	D
Employee Stock Purchase Option	02/22/2005	02/22/2015	Common Stock, $1 2/3 par value	49,760	$59.81	D
Employee Stock Purchase Option	03/15/2005	02/23/2009	Common Stock, $1 2/3 par value	9,308	$60.1	D

Explanation of Responses:

1. Includes 4,093 shares resulting from vesting of three grants of restricted share rights but whose delivery has been deferred to July 1, 2008, 2009 and 2010, respectively; these shares will be subject to withholding for income taxes on those dates. Also includes 3,493.291 shares in dividend reinvestment plan as of June 6, 2005.

2. Reflects share equivalent of units in Wells Fargo Stock Fund and ESOP Fund of 401(k) Plan as of June 30, 2005, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company Common Stock.

3. Conversion price is 1-for-1

4. Payable in a lump sum upon termination of employment

Remarks:

	Avid Modjtabai, by Robert S. Singley, as Attorney-in-Fact	07/05/2005
	** 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).
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