Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Scheirman Scott
  2. Issuer Name and Ticker or Trading Symbol
Western Union CO [WU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & CFO
(Last)
(First)
(Middle)
12500 EAST BELFORD AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
09/29/2006
(Street)

ENGLEWOOD, CO 80112
4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Common Stock 09/29/2006   A   24,983 (1) A $ 0 29,282 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (Right to Buy) $ 19.13 09/29/2006   A   180,798     (3) 09/29/2016 Common Stock 180,798 $ 0 180,798 D  
Employee Stock Option (Right to Buy) $ 7.57 09/29/2006   A   219 (4)     (5) 05/27/2008 Common Stock 219 $ 0 219 D  
Employee Stock Option (Right to Buy) $ 13.54 09/29/2006   A   219 (4)     (5) 02/07/2011 Common Stock 219 $ 0 219 D  
Employee Stock Option (Right to Buy) $ 18.77 09/29/2006   A   131,730 (4)     (5) 02/06/2012 Common Stock 131,730 $ 0 131,730 D  
Employee Stock Option (Right to Buy) $ 19.22 09/29/2006   A   3,907 (4)     (5) 03/06/2012 Common Stock 3,907 $ 0 3,907 D  
Employee Stock Option (Right to Buy) $ 15.65 09/29/2006   A   570 (4)     (5) 01/22/2013 Common Stock 570 $ 0 570 D  
Employee Stock Option (Right to Buy) $ 17.78 09/29/2006   A   65,865 (4)     (5) 02/12/2014 Common Stock 65,865 $ 0 65,865 D  
Employee Stock Option (Right to Buy) $ 17.78 09/29/2006   A   131,730 (4)     (5) 02/12/2014 Common Stock 131,730 $ 0 131,730 D  
Employee Stock Option (Right to Buy) $ 19.07 09/29/2006   A   65,865 (4)     (5) 12/08/2014 Common Stock 65,865 $ 0 65,865 D  
Employee Stock Option (Right to Buy) $ 20.01 09/29/2006   A   87,820 (4)     (6) 02/08/2016 Common Stock 87,820 $ 0 87,820 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Scheirman Scott
12500 EAST BELFORD AVENUE
ENGLEWOOD, CO 80112
      EVP & CFO  

Signatures

 /s/ Sarah J. Kilgore as Attorney-in-Fact for Scott T. Scheirman   10/03/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Restricted stock award which vests in full, if the executive is still employed by the Company at the time, on the third anniversary of the date of grant.
(2) Includes 666 shares acquired pursuant to The Western Union Company Employee Stock Purchase Plan and 3,633 share acquired in connection with the distribution by First Data Corporation of shares of common stock of The Western Union Company.
(3) This option vests in four equal annual installments beginning on September 29, 2007.
(4) Represents option acquired by reporting person as a result of the adjustment of an option to purchase shares of First Data Corporation common stock held by the reporting person. This adjustment occurred pursuant to the terms of the Employee Matters Agreement, dated September 29, 2006, between The Western Union Company and First Data Corporation.
(5) This option is presently exercisable in full.
(6) This option vests in four equal annual installments beginning on February 8, 2006.

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