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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Reisman Lonny

(Last)

(First)

(Middle)

AETNA INC.

151 FARMINGTON AVENUE

(Street)

HARTFORD

06156

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Chief Medical Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2013

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	11/20/2013		M		72,000	A	$39.045	141,320	D
Common Stock	11/20/2013		S		72,000	D	$65.797⁽²⁾	69,320	D
Common Stock	11/20/2013		M		21,314	A	$39.93	90,634	D
Common Stock	11/20/2013		F		16,015⁽¹⁾	D	$65.94	74,619	D
Common Stock	11/20/2013		M		5,450	A	$32.11	80,069	D
Common Stock	11/20/2013		F		4,096⁽¹⁾	D	$65.94	75,973	D
Common Stock	11/20/2013		M		21,480	A	$42.57	97,453	D
Common Stock	11/20/2013		F		17,604⁽¹⁾	D	$65.94	79,849	D
Common Stock	11/20/2013		M		27,614	A	$50.7	107,463	D
Common Stock	11/20/2013		F		24,524⁽¹⁾	D	$65.94	82,939	D
Common Stock	11/20/2013		M		42,794	A	$21.81	125,733	D
Common Stock	11/20/2013		F		28,924⁽¹⁾	D	$65.94	96,809	D
Common Stock	11/21/2013		S		27,489	D	$67.088⁽²⁾	69,320	D
Common Stock								9,142⁽³⁾	I	2010 GRAT⁽⁴⁾

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)
Stock Appreciation Rights	$39.93	11/20/2013		M			21,314	06/30/2007⁽⁵⁾	06/29/2016	Common Stock	21,314	$39.93	0	D
Stock Appreciation Rights	$32.11	11/20/2013		M			5,450	02/13/2010⁽⁵⁾	02/12/2019	Common Stock	5,450	$32.11	0	D
Stock Appreciation Rights	$42.57	11/20/2013		M			21,480	02/09/2008⁽⁵⁾	02/08/2017	Common Stock	21,480	$42.57	0	D
Stock Appreciation Rights	$50.7	11/20/2013		M			27,614	02/08/2009⁽⁵⁾	02/07/2018	Common Stock	27,614	$50.7	0	D
Stock Appreciation Rights	$21.81	11/20/2013		M			42,794	11/12/2009⁽⁵⁾	11/11/2018	Common Stock	42,794	$21.81	0	D
Employee Stock Options	$39.045	11/20/2013		M			72,000	12/31/2007⁽⁶⁾	05/27/2015	Common Stock	72,000	$39.045	0	D

Explanation of Responses:

1. Stock Appreciation Rights are net settled; amounts represent withholding of shares by the Company to pay exercise price and taxes.

2. Average Sale Price.

3. On February 2, 2012, 19,298 shares from 2010 Grantor Retained Annuity Trust ("GRAT") were voluntarily transferred to joint account with spouse.

4. Shares held in GRAT of which Dr. Reisman is the sole trustee.

5. Stock Appreciation Rights granted under the Aetna Inc. 2000 Stock Incentive Plan (the "Plan")

6. Stock Options granted under the Plan, which vest in two installments beginning 12/31/2007.

Remarks:

	Lonny Reisman by Melinda Westbrook, Attorney -in-fact	11/22/2013
	** 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).
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.