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*
ELLIOT DOUGLAS G
(Last) (First) (Middle)
TRAVELERS PROPERTY CASUALTY CORP.
ONE TOWER SQUARE
(Street)
HARTFORD CT 06183
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TRAVELERS PROPERTY CASUALTY CORP [ TAP.A ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2003
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)
Code V Amount (A) or (D) Price
Class A Common Stock 08/04/2003 M 1,867 A $13.72 52,830.12 D
Class A Common Stock 08/04/2003 F 1,639 D $16.7 51,191.12 D
Class A Common Stock 08/04/2003 M 1,222 A $13.91 52,413.12 D
Class A Common Stock 08/04/2003 F 1,083 D $16.7 51,330.12 D
Class A Common Stock 151.1925 I 401(k) Plan
Class B Common Stock 5,094 D
Class B Common Stock 311.1598 I 401(k) Plan
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $10.2425 06/30/1998 06/30/2007 Class A Common Stock 392 392 D
Stock Options (Right to buy) $11.3265 11/02/2003 11/02/2008 Class A Common Stock 20,748.65 20,748.65 D
Stock Options (Right to buy) $11.5775 09/24/2003 09/24/2007 Class A Common Stock 2,645.7 2,645.7 D
Stock Options (Right to buy) $13.72 08/04/2003 M 1,867 05/04/2003 11/02/2008 Class A Common Stock 1,867 $0 0 D
Stock Options (Right to buy) $13.91 08/04/2003 M 1,222 04/04/2003 09/24/2007 Class A Common Stock 1,222 $0 1,126 D
Stock Options (Right to buy) $14.35 10/04/2003 11/02/2008 Class A Common Stock 5,336 5,336 D
Stock Options (Right to buy) $14.8064 06/30/1999 06/30/2008 Class A Common Stock 269 269 D
Stock Options (Right to buy) $16.3 11/05/2003 10/27/2005 Class A Common Stock 1,465 1,465 D
Stock Options (Right to buy) $16.3 11/05/2003 11/02/2008 Class A Common Stock 2,888 2,888 D
Stock Options (Right to buy) $16.6516 06/30/2001 06/30/2009 Class A Common Stock 240 240 D
Stock Options (Right to buy) $16.67 11/15/2003 11/02/2008 Class A Common Stock 6,861 6,861 D
Stock Options (Right to buy) $16.7 08/04/2003 A 1,083 02/04/2004 09/24/2007 Class A Common Stock 1,083 $0 1,083 D
Stock Options (Right to buy) $16.7 08/04/2003 A 1,639 02/04/2004 11/02/2008 Class A Common Stock 1,639 $0 1,639 D
Stock Options (Right to buy) $18.5 03/22/2003 03/22/2012 Class A Common Stock 200,000 200,000 D
Stock Options (Right to buy) $21.4179 07/18/2001 04/18/2010 Class A Common Stock 110,655.06 110,655.06 D
Stock Options (Right to buy) $22.2915 05/02/2002 11/02/2008 Class A Common Stock 13,957.05 13,957.05 D
Stock Options (Right to buy) $22.7067 06/30/2001 06/30/2010 Class A Common Stock 177 177 D
Stock Options (Right to buy) $23.6892 09/27/2002 10/27/2005 Class A Common Stock 1,288.44 1,288.44 D
Stock Options (Right to buy) $23.9483 12/05/2000 11/02/2008 Class A Common Stock 13,154.11 13,154.11 D
Stock Options (Right to buy) $24.9122 05/02/2001 11/02/2008 Class A Common Stock 13,274.46 13,274.46 D
Stock Options (Right to buy) $25.6051 07/16/2002 01/16/2011 Class A Common Stock 41,495.65 41,495.65 D
Stock Options (Right to buy) $25.7858 03/27/2001 10/27/2005 Class A Common Stock $2,763.61 $2,763.61 D
Explanation of Responses:
Anthony M. Pepper, attorney-in-fact 08/06/2003
** 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.