SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* Sorenson Steven P (Last) (First) (Middle) C/O THE ALLSTATE CORPORATION 2775 SANDERS ROAD (Street) NORTHBROOK IL 60062 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/01/2007	3. Issuer Name and Ticker or Trading Symbol ALLSTATE CORP [ ALL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) SVP Allstate Insurance Company	5. If Amendment, Date of 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

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	10,476.963	D
Common Stock	1,242.1073	I	by 401(k) plan

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: 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)	02/07/2007	02/07/2013	Common Stock	4,212	31.78	D
Employee Stock Option (right to buy)	05/15/2005	05/15/2011	Common Stock	17,772	42	D
Employee Stock Option (right to buy)	(1)	02/06/2014	Common Stock	18,154	45.96	D
Employee Stock Option (right to buy)	(2)	02/22/2015	Common Stock	14,800	52.57	D
Employee Stock Option (right to buy)	(3)	02/21/2016	Common Stock	15,561	53.84	D
Employee Stock Option (right to buy)	(4)	(5)	Common Stock	9,000	53.84	D
Employee Stock Option (right to buy)	(6)	02/20/2017	Common Stock	15,055	62.24	D
Restricted Stock Units	(7)	(8)	Common Stock	1,800	0	D
Restricted Stock Units	02/19/2011	02/19/2011(9)	Common Stock	2,078	0	D
Restricted Stock Units	02/21/2010	02/21/2010(10)	Common Stock	2,351	0	D
Restricted Stock Units	02/22/2009	02/22/2009(11)	Common Stock	2,470	0	D

Explanation of Responses:

1. Original stock option award granted to reporting person on February 6, 2004 for 18,154 shares of common stock. The last increment of 4,538 shares will vest on February 6, 2008.

2. Original stock option award granted to reporting person on February 22, 2005 for 14,800 shares of common stock with one-quarter of the total option award to vest annually. The last two increments will vest in two equal installments on February 22, 2008 and February 22, 2009.

3. Original stock option award granted to reporting person on February 21, 2006 for 15,561 shares of common stock. The last three increments in the amounts of 3,890, 3,890 and 3,891 will vest on February 21, 2008, February 21, 2009 and February 21, 2010, respectively.

4. Original stock option award granted to reporting person on February 21, 2006 for 9,000 shares of common stock with one-quarter of the total option award to vest annually. The last three increments will vest in three equal installments on February 21, 2008, February 21, 2009 and February 21, 2010.

5. Option expiration date is February 21, 2016.

6. Original stock option award granted to reporting person on February 20, 2007 for 15,055 shares of common stock to vest in four installments. The first 3,763 shares will vest on February 20, 2008 and the remaining 11,292 shares will vest in three equal installments on February 20, 2009, February 20, 2010 and February 20, 2011.

7. Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock as the restriction lapses (the conversion date). One-quarter of the total number of RSUs will unrestrict annually. The remaining increments of RSUs will unrestrict on February 21, 2008, February 21, 2009 and February 21, 2010.

8. The total number of RSUs will unrestrict on February 21, 2010.

9. Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation Amended and Restated 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 19, 2011.

10. Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 21, 2010.

11. Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 22, 2009.

	/s/ Steven P. Sorenson	03/10/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.