ALLBRITTON JOE L 4

4 · RIGGS NATIONAL CORP · Filed Aug 23, 2004

Insider Transaction Report

Form 4

Period: 2004-08-19

RIGGS NATIONAL CORPRIGS

ALLBRITTON JOE L

10% Owner

Transactions

Exercise/Conversion
Common Stock
2004-08-19$10.63/sh+300,000$3,189,000→ 7,601,441 total
Exercise/Conversion
Option to Buy
2004-08-19−124,000→ 0 total
Exercise: $12.00From: 1996-04-10Exp: 2006-04-10→ Common Stock (124,000 underlying)
Exercise/Conversion
Option to Buy
2004-08-19−2,500→ 0 total(indirect: See footnote)
Exercise: $13.13From: 2000-04-12Exp: 2010-04-12→ Common Stock (2,500 underlying)
Exercise/Conversion
Option to Buy
2004-08-19−100,000→ 0 total
Exercise: $12.00From: 1996-04-10Exp: 2006-04-10→ Common Stock (100,000 underlying)
Exercise/Conversion
Common Stock
2004-08-20$15.19/sh+396,000$6,014,250→ 9,097,441 total
Exercise/Conversion
Option to Buy
2004-08-19−300,000→ 0 total
Exercise: $10.63From: 1996-02-12Exp: 2005-07-12→ Common Stock (300,000 underlying)
Exercise/Conversion
Option to Buy
2004-08-19−1,000,000→ 0 total
Exercise: $12.38Exp: 2006-07-10→ Common Stock (1,000,000 underlying)
Exercise/Conversion
Common Stock
2004-08-19$12.00/sh+100,000$1,200,000→ 7,701,441 total
Exercise/Conversion
Common Stock
2004-08-19$12.00/sh+124,000$1,488,000→ 7,301,441 total
Exercise/Conversion
Common Stock
2004-08-19$12.38/sh+1,000,000$12,380,000→ 8,701,441 total
Exercise/Conversion
Common Stock
2004-08-19$13.13/sh+2,500$32,813→ 1,840,853 total(indirect: See footnote)
Exercise/Conversion
Option to Buy
2004-08-20−396,000→ 0 total
Exercise: $15.19From: 2001-01-19Exp: 2011-01-19→ Common Stock (396,000 underlying)

Holdings

Option to Buy
Exercise: $19.50From: 1999-07-14Exp: 2009-07-14→ Common Stock (1,000,000 underlying)
1,000,000
Option to Buy
(indirect: See footnote)
Exercise: $20.50From: 1997-07-09Exp: 2007-07-09→ Common Stock (15,000 underlying)
15,000
Option to Buy
(indirect: See footnote)
Exercise: $17.00From: 2001-04-11Exp: 2011-04-11→ Common Stock (2,500 underlying)
2,500
Common Stock
(indirect: See footnote)
1,845,853
Option to Buy
Exercise: $20.50Exp: 2007-07-09→ Common Stock (500,000 underlying)
500,000
Option to Buy
(indirect: See footnote)
Exercise: $17.56From: 1999-04-14Exp: 2009-04-14→ Common Stock (5,000 underlying)
5,000
Common Stock
9,097,441

Footnotes (7)

[F1]Pursuant to Rule 16a-1(a)(4), Joe L. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for his son and 1,334,232 shares owned by Barbara B. Allbritton, his wife. 475,511 of the shares are held indirectly by a wholly-owned corporation.
[F2]Pursuant to Rule 16a-1(a)(4), Joe L. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for his son and 1,336,732 shares owned by Barbara B. Allbritton, his wife. 475,511 of the shares are held indirectly by a wholly-owned corporation.
[F3]Pursuant to Rule 16a-1(a)(4), Joe L. Allbritton disclaims beneficial ownership of 31,110 shares held in trust for his son and 1,339,232 shares owned by Barbara B. Allbritton, his wife. 475,511 of the shares are held indirectly by a wholly-owned corporation.
[F4]Issued pursuant to issuer's stock option plan.
[F5]Pursuant to Rule 16a-1(a)(4), Mr. Allbritton disclaims beneficial ownership of the securities which represent options to buy granted to Barbara B. Allbritton, his wife, pursuant to the issuer's stock option plans.
[F6]Option granted under the issuer's 1996 Stock Option Plan and exercisable on earlier to occur of change of control, or, as to each of 250,000 shares on the date on which the average reported closing price of the common stock has been $22.50 and $25.00, respectively, for each of 60 consecutive days.
[F7]Option granted under the issuer's 1996 Stock Option Plan and exercisable on earliest to occur of change of control, or for 500,000 on date on which reported closing price of underlying stock has been at least $14 per share on all of the days in any consecutive 60-day period, and for 500,000 on date on which reported closing price of underlying stock has been at least $16 per share on all of the trading days in any consecutive 60-day period.

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