UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Carleton, Dale L.
225 Franklin Street
Boston, MA 02110
2. Issuer Name and Ticker or Trading Symbol
State Street Boston Corporation
STT
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (r|63.5000 |12/19|A* |36,000 |A |12/19|12/18|CommonStock |36,000 | |36,000 |D | |
ight to buy) | |/96 | | | |/97- |/06 | | | | | | |
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| | | | | |12/19| | | | | | | |
| | | | | |/99 | | | | | | | |
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Employee Stock Option (r|18.6250 |2/15/| | | |2/14/|2/14/|Common Stock|3,488 | | | | |
ight to buy) | |90 | | | |95 |00 | | | | | | |
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Employee Stock Option (r|17.3125 |12/20| | | |12/31|12/31|Common Stock|20,800 | | | | |
ight to buy) | |/90 | | | |/91- |/00 | | | | | | |
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| | | | | |12/31| | | | | | | |
| | | | | |/95 | | | | | | | |
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Employee Stock Option (r|28.9375 |12/15| | | |12/31|12/14|Common Stock|50,000 | | | | |
ight to buy) | |/94 | | | |/95- |/04 | | | | | | |
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| | | | | |12/31| | | | | | | |
| | | | | |/99 | | | | | | | |
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Explanation of Responses:
* Employee stock option granted pursuant to State Street Boston Corporation
1994 Stock Option and Performance
Unit Plan exercisable in 33 1/3% installments over a 3-year period commencing
12/19/97.
SIGNATURE OF REPORTING PERSON
/s/Dale L. Carleton
DATE
1/13/97
