X0202 4 2006-11-02 0000316709 SCHWAB CHARLES CORP SCHW 0000923738 SCHWAB CHARLES R C/O THE CHARLES SCHWAB CORPORATION 120 KEARNY STREET SAN FRANCISCO CA 94108 1 1 1 0 Chairman and CEO Common Stock 2006-11-02 4 J 0 810000 0 D 11526995 D These shares were distributed to the reporting person's son by a family limited partnership over which the reporting person has control and represented the son's pro rata interest in the shares of issuer stock owned by the partnership. The shares were initially distributed to a trust for the benefit of the reporting person's son of which the reporting person serves as trustee, and the trust immediately distributed the shares to a separate account for the son. The reporting person disclaims beneficial ownership of shares owned by his son. As of the date of this report, the reporting person also had an indirect beneficial ownership interest in 155,072,858 shares held in trust, 42,853,958 shares held by an LLC, 7,977,765 shares held by his spouse and 1,710,651 shares held by an ESOP. Charles R. Schwab 2006-11-03