Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Alicea-Velez Liz Y
2. Date of Event Requiring Statement (Month/Day/Year)
02/07/2007
3. Issuer Name and Ticker or Trading Symbol
Western Union CO [WU]
(Last)
(First)
(Middle)
12500 EAST BELFORD AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, LACA
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ENGLEWOOD, CO 80112
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,699 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (2) 02/07/2011 Common Stock 100,993 $ 13.54 D  
Employee Stock Option (Right to Buy)   (2) 02/06/2012 Common Stock 30,737 $ 18.77 D  
Employee Stock Option (Right To Buy)   (2) 03/06/2012 Common Stock 3,776 $ 19.22 D  
Employee Stock Option (Right to Buy)   (2) 09/03/2012 Common Stock 16,466 $ 15.55 D  
Employee Stock Option (Right to Buy)   (2) 01/22/2013 Common Stock 43,800 $ 15.65 D  
Employee Stock Option (Right to Buy)   (2) 02/12/2014 Common Stock 26,346 $ 17.78 D  
Employee Stock Option (Right to Buy)   (2) 12/08/2014 Common Stock 32,932 $ 19.07 D  
Employee Stock Option (Right to Buy)   (3) 02/08/2016 Common Stock 27,443 $ 20.01 D  
Employee Stock Option (Right to Buy)   (4) 09/29/2016 Common Stock 41,166 $ 19.13 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Alicea-Velez Liz Y
12500 EAST BELFORD AVENUE
ENGLEWOOD, CO 80112
      EVP, LACA  

Signatures

Sarah J. Kilgore, As Attorney-in-Fact for Liz Y. Alicea-Velez 02/16/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Includes 3,633 Restricted Stock Award shares that vest in three equal annual installments beginning on February 22, 2007, and 4,574 Restricted Stock Award shares that vest in full, if the executive is still employed by the Company, on September 29, 2009.
(2) This option is presently exercisable in full.
(3) This option became exercisable as to 6,860 shares on February 8, 2007, and becomes exercisable as to the remaining 20,583 shares in three equal annual installments beginning on February 8, 2008.
(4) This option vest in four equal annual installments beginning on September 29, 2007.

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