SEC FORM 4

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^*

NEWHOUSE JOSEPH P

(Last)

(First)

(Middle)

HARVARD UNIVERSITY

180 LONGWOOD AVE

(Street)

BOSTON

02115

(City)

(State)

(Zip)

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
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/30/2005

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)
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	03/30/2005		M		3,666	A	$17.89	0	D
Common Stock	03/30/2005		M		6,400	A	$21.06	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$72.85	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$72.9	0	D
Common Stock	03/30/2005		S⁽¹⁾		500	D	$72.95	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$73	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$73.1	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$73.25	0	D
Common Stock	03/30/2005		S⁽¹⁾		2,000	D	$73.5	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$73.75	0	D
Common Stock	03/30/2005		S⁽¹⁾		500	D	$73.8	0	D
Common Stock	03/30/2005		S⁽¹⁾		1,000	D	$73.98	0	D
Common Stock	03/30/2005		S⁽¹⁾		66	D	$73.99	1,001.0738⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
DIRECTOR STOCK OPTION [RIGHT TO BUY]⁽³⁾	$17.89	03/30/2005		M			3,666	⁽⁴⁾	01/25/2012	COMMON STOCK	3,666	$0	7,334	D
DIRECTOR STOCK OPTION (RIGHT TO BUY]⁽³⁾	$21.06	03/30/2005		M			6,400	⁽⁵⁾	02/28/2013	COMMON STOCK	6,400	$0	3,200	D
PHANTOM STOCK UNITS⁽⁶⁾	⁽⁷⁾	03/31/2005		A		123.416		⁽⁶⁾	⁽⁶⁾	COMMON STOCK	123.416	⁽⁷⁾	6,149.692⁽⁸⁾	D

Explanation of Responses:

1. THE SALE REPORTED WAS EFFECTED PURSUANT TO A 10b-5 TRADING PLAN ADOPTED BY THE REPORTING PERSON ON MARCH 2, 2005.

2. ON MARCH 11, 2005, AETNA INC.'S COMMON STOCK WAS SPLIT 2 FOR 1, RESULTING IN THE REPORTING PERSON'S ACQUISITION OF ADDITIONAL SHARES OF COMMON STOCK.

3. THIS OPTION HAS BEEN ADJUSTED TO REFLECT THE COMPANY'S STOCK SPLIT ON MARCH 11, 2005.

4. OPTION GRANTED UNDER THE NON-EMPLOYEE DIRECTOR COMPENSATION PLAN (THE"PLAN") AND EXERCISABLE ON JANUARY 25, 2003 (3,666 SHARES), JANUARY 25, 2004 (3,666 SHARES) AND JANUARY 25, 2005 (3,667 SHARES).

5. OPTION GRANTED UNDER THE PLAN AND EXERCISABLE IN THREE EQUAL ANNUAL INSTALLMENTS BEGINNING FEBRUARY 28, 2004.

6. UNITS ACCRUED UNDER THE PLAN PURSUANT TO DEFERRAL OF DIRECTOR FEES. SUBJECT TO TERMS OF PLAN, UNITS MAY BE SETTLED IN AETNA COMMON STOCK, IN CASH OR A COMBINATION OF BOTH UPON REPORTING PERSON'S RETIREMENT.

7. UNITS CONVERT TO COMMON STOCK ON A ONE FOR ONE BASIS

8. UNITS HAVE BEEN ADJUSTED TO REFLECT THE COMPANY'S STOCK SPLIT ON MARCH 11, 2005.

Remarks:

	JOSEPH P. NEWHOUSE, BY PAIGE L. FALASCO, ATTORNEY IN FACT	04/01/2005
	** 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 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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