X0202 4 2006-10-27 0001052100 WADDELL & REED FINANCIAL INC WDR 0001190800 RAINES JAMES M 6300 LAMAR AVENUE OVERLAND PARK KS 66202 1 0 0 0 Class A Common 2006-10-27 4 M 0 9230 13.50 A 32359 D Class A Common 2006-10-27 4 M 0 12060 15.50 A 44419 D Class A Common 2006-10-27 4 S 0 500 25.26 D 43919 D Class A Common 2006-10-27 4 S 0 200 25.29 D 43719 D Class A Common 2006-10-27 4 S 0 400 25.30 D 43319 D Class A Common 2006-10-27 4 S 0 300 25.32 D 43019 D Class A Common 2006-10-27 4 S 0 900 25.34 D 42119 D Class A Common 2006-10-27 4 S 0 100 25.35 D 42019 D Class A Common 2006-10-27 4 S 0 500 25.36 D 41519 D Class A Common 2006-10-27 4 S 0 1900 25.37 D 39619 D Class A Common 2006-10-27 4 S 0 1300 25.39 D 38319 D Class A Common 2006-10-27 4 S 0 300 25.40 D 38019 D Class A Common 2006-10-27 4 S 0 300 25.41 D 37719 D Class A Common 2006-10-27 4 S 0 100 25.43 D 37619 D Class A Common 2006-10-27 4 S 0 200 25.45 D 37419 D Class A Common 2006-10-27 4 S 0 500 25.46 D 36919 D Class A Common 2006-10-27 4 S 0 400 25.47 D 36519 D Class A Common 2006-10-27 4 S 0 700 25.48 D 35819 D Class A Common 2006-10-27 4 S 0 900 25.50 D 34919 D Class A Common 2006-10-27 4 S 0 400 25.51 D 34519 D Class A Common 2006-10-27 4 S 0 1050 25.52 D 33469 D Class A Common 2006-10-27 4 S 0 400 25.53 D 33069 D Class A Common 2006-10-27 4 S 0 640 25.55 D 32429 D Class A Common 2006-10-27 4 S 0 300 25.58 D 32129 D Class A Common 2006-10-27 4 S 0 200 25.61 D 31929 D Class A Common 2006-10-27 4 S 0 300 25.62 D 31629 D Class A Common 2006-10-27 4 S 0 600 25.63 D 31029 D Class A Common 2006-10-27 4 S 0 800 25.67 D 30229 D Class A Common 2006-10-27 4 S 0 200 25.69 D 30029 D Class A Common 2006-10-27 4 S 0 1400 25.70 D 28629 D NQSO (Right to Buy) 13.50 2006-10-27 4 M 0 9230 0 D 2004-08-05 2009-08-04 Class A Common 9230 0 D NQSO (Right to Buy) 15.50 2006-10-27 4 M 0 12060 0 D 2001-01-04 2010-01-03 Class A Common 12060 0 D 1,846 options vested on August 5, 2004 and 7,384 vested on April 25, 2005. 684 shares vested on January 4, 2001; 1,422 options vested on each of January 1, 2002, 2003, 2004 and 2005; and 5,688 options vested on April 25, 2005. Following the reported transactions, Mr. Raines owns 12,072 options that were granted on January 3, 2000 at a strike price of $17.6667 and are fully vested. This is 1 of 2 Form 4s filed to report all transactions that occurred on October 27, 2006. James M. Raines 2006-10-30