X0202 4 2006-10-30 0000316709 SCHWAB CHARLES CORP SCHW 0001296479 Bettinger Walter W C/O THE CHARLES SCHWAB CORPORATION 120 KEARNY STREET SAN FRANCISCO CA 94108 0 1 0 0 EVP - Schwab Investor Services Common Stock 2006-10-30 4 A 0 41842 0 A 179913 D Non-Qualified Stock Option (Right to Buy) 19.186 2006-10-30 4 A 0 135135 0 A 2007-10-30 2013-10-30 Common Stock 135135 135135 D The award vests in increments of 25% on November 1, 2007, 2008, 2009, and 2010 based on the company achieving a performance target related to return on equity for the one-year performance period ending on the day immediately prior to each vesting date. As of the date of this report, the reporting person also had an indirect beneficial ownership interest in 2,013 shares held by his spouse and 5,060 shares held by an ESOP. Shares under the option have an exercise price of $19.186, which is 106% of the closing price of the company's common stock on the date of grant ($18.10). The option vests 25% on each of the first, second, third, and fourth anniversary of the grant date and has a term of seven years. Jane E. Fry, Attorney-in-fact 2006-11-01