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^*

SCHAEFFER LEONARD D

(Last)

(First)

(Middle)

120 MONUMENT CIRCLE

(Street)

INDIANAPOLIS

46204

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WELLPOINT INC [ WLP ]

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)
12/01/2004

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	12/01/2004		M		11,869	A	$53.09	1,544,216	D
Common Stock	12/01/2004		F		8,239	D	$101.33	1,535,977	D
Common Stock	12/01/2004		M		17,978	A	$42.94	1,553,955	D
Common Stock	12/01/2004		F		11,322	D	$101.33	1,542,633	D
Common Stock	12/01/2004		M		20,221	A	$62.9	1,562,854	D
Common Stock	12/01/2004		F		15,294	D	$101.33	1,547,560	D
Common Stock	12/01/2004		M		47,021	A	$49.04	1,594,581	D
Common Stock	12/01/2004		F		31,431	D	$101.33	1,563,150	D
Common Stock	12/01/2004		M		40,193	A	$59.98	1,603,343	D
Common Stock	12/01/2004		F		29,655	D	$101.33	1,573,688	D
Common Stock	12/01/2004		M		106,122	A	$49.85	1,679,810	D
Common Stock	12/01/2004		F		71,482	D	$101.33	1,608,328	D
Common Stock	12/01/2004		M		248,004	A	$55.1	1,856,332	D
Common Stock	12/01/2004		F		175,306	D	$101.33	1,681,026	D
Common Stock	12/01/2004		M		81,313	A	$68.82	1,762,339	D
Common Stock	12/01/2004		F		64,551	D	$101.33	1,697,788	D
Common Stock	12/01/2004		M		8,934	A	$75.4	1,706,722	D
Common Stock	12/01/2004		F		7,465	D	$101.33	1,699,257	D
Common Stock	12/01/2004		M		80,549	A	$59.81	1,779,806	D
Common Stock	12/01/2004		F		59,343	D	$101.33	1,720,463	D
Common Stock	12/01/2004		M		61,960	A	$87.72	1,782,423	D
Common Stock	12/01/2004		F		56,613	D	$101.33	1,725,810	D
Common Stock	12/01/2004		M		60,284	D	$82.06	1,786,094	D
Common Stock	12/01/2004		F		52,918	D	$101.33	1,733,176	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)
Employee Stock Option (right to buy)	$49.04	12/01/2004		M			47,021	03/01/2002	03/03/2006	Common Stock	47,021	$0	3,031,710	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		31,431		12/01/2004	03/03/2006	Common Stock	31,431	$0	3,063,141	D
Common Stock	$59.98	12/01/2004		M			40,193	09/01/2002	03/03/2006	Common Stock	40,193	$0	3,022,948	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		29,655		12/01/2004	03/03/2006	Common Stock	29,655	$0	3,052,603	D
Common Stock	$49.82	12/01/2004		M			106,122	02/11/2009	02/10/2009	Common Stock	106,122	$0	2,946,481	D
Common Stock	$101.33	12/01/2004		A		71,482		12/01/2004	02/10/2009	Common Stock	71,482	$0	3,017,963	D
Employee Stock Option (right to buy)	$55.1	12/01/2004		M			248,004	02/05/2003	02/04/2013	Common Stock	248,004	$0	2,769,959	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		175,306		12/01/2004	02/04/2013	Common Stock	175,306	$0	2,945,265	D
Employee Stock Option (right to buy)	$68.82	12/01/2004		M			81,313	06/01/2003	03/03/2006	Common Stock	81,313	$0	2,863,952	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		64,551		12/01/2004	03/03/2006	Common Stock	64,551	$0	2,928,503	D
Employee Stock Option (right to buy)	$75.4	12/01/2004		M			8,934	12/01/2003	03/03/2006	Common Stock	8,934	$0	2,919,569	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		7,465		12/01/2004	03/03/2006	Common Stock	7,465	$0	2,927,034	D
Employee Stock Option (right to buy)	$59.81	12/01/2004		M			80,549	06/01/2002	03/03/2006	Common Stock	80,549	$0	2,846,485	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		59,343		12/01/2004	03/03/2006	Common Stock	59,343	$0	2,905,828	D
Employee Stock Option (right to buy)	$87.72	12/01/2004		M			61,960	03/01/2004	03/01/2010	Common Stock	61,960	$0	2,843,868	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		56,613		12/01/2004	03/01/2010	Common Stock	56,613	$0	2,900,481	D
Employee Stock Option (right to buy)	$82.06	12/01/2004		M			60,284	01/26/2004	01/25/2014	Common Stock	60,284	$0	2,840,197	D
Employee Stock Option (right to buy)	$101.33	12/01/2004		A		52,918		12/01/2004	01/25/2014	Common Stock	52,918	$0	2,893,115	D

Explanation of Responses:

Remarks:

Form 2 of 2 being filed for the reporting person on the same day.

	Nancy Purcell, Attorney-in-fact	12/03/2004
	** 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.