Edgar Filing: BUNGERT MICHAEL G

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 ^*

BUNGERT MICHAEL G

2. Issuer Name and Ticker or Trading Symbol
AON CORP [AOC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Aon Re Inc. - President/CEO

(Last)

(First)

(Middle)

AON CORPORATION - CORPORATE LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2007

(Street)

CHICAGO, IL 60601

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/01/2007		M⁽¹⁾		4,500	A	⁽¹⁾	104,097 ⁽²⁾	D
Common Stock	01/01/2007		F⁽³⁾		1,326	D	$ 35.28	102,771 ⁽²⁾	D
Common Stock	01/01/2007		M⁽¹⁾		2,250	A	⁽¹⁾	105,021 ⁽²⁾	D
Common Stock	01/01/2007		F⁽³⁾		663	D	$ 35.28	104,358 ⁽²⁾	D
Common Stock	01/01/2007		M⁽¹⁾		2,250	A	⁽¹⁾	106,608 ⁽²⁾	D
Common Stock	01/01/2007		F⁽³⁾		803	D	$ 35.28	105,805 ⁽²⁾	D
Common Stock	01/01/2007		M⁽¹⁾		2,250	A	⁽¹⁾	108,055 ⁽²⁾	D
Common Stock	01/01/2007		F⁽³⁾		695	D	$ 35.28	107,360 ⁽²⁾	D
Common Stock	01/02/2007		M⁽¹⁾		2,250	A	⁽¹⁾	109,610 ⁽²⁾	D
Common Stock	01/02/2007		F⁽³⁾		663	D	$ 35.28	108,947 ⁽²⁾	D
Common Stock	01/02/2007		M⁽¹⁾		2,250	A	⁽¹⁾	111,197 ⁽²⁾	D
Common Stock	01/02/2007		F⁽³⁾		663	D	$ 35.28	110,534 ⁽²⁾	D
Common Stock	01/02/2007		M⁽¹⁾		2,250	A	⁽¹⁾	112,784 ⁽²⁾	D
Common Stock	01/02/2007		F⁽³⁾		663	D	$ 35.28	112,121 ⁽²⁾	D
Common Stock	01/02/2007		M⁽¹⁾		4,500	A	⁽¹⁾	116,621 ⁽²⁾	D
Common Stock	01/02/2007		F⁽³⁾		1,326	D	$ 35.28	115,295 ⁽²⁾	D
Common Stock								23,289	I	Through Aon Savings Plan and ESOP

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/01/2007

4,500

01/01/2007

Common Stock

4,500

$ 0

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/01/2007

2,250

01/01/2007

Common Stock

2,250

$ 0

4,500

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/01/2007

2,250

01/01/2007

Common Stock

2,250

$ 0

6,750

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/01/2007

2,250

01/01/2007

Common Stock

2,250

$ 0

9,000

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/02/2007

2,250

01/02/2007

Common Stock

2,250

$ 0

11,250

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/02/2007

2,250

01/02/2007

Common Stock

2,250

$ 0

13,500

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/02/2007

2,250

01/02/2007

Common Stock

2,250

$ 0

15,750

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/02/2007

4,500

01/02/2007

Common Stock

4,500

$ 0

18,000

Restricted Stock Unit Award (Right to Receive)

⁽⁴⁾

01/01/2007

10,000

01/01/2010⁽⁵⁾

01/01/2017

Common Stock

10,000

$ 0

10,000

Employee Stock Option (Right to Buy)

$ 35.28

01/01/2007

60,000

⁽⁶⁾

01/01/2017

Common Stock

60,000

⁽⁷⁾

60,000

Phantom Stock (Deferred Stock Awards)

⁽⁸⁾

⁽⁹⁾

Common Stock

85,402 ⁽¹⁰⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BUNGERT MICHAEL G AON CORPORATION - CORPORATE LAW DEPT 200 EAST RANDOLPH STREET, 8TH FLOOR CHICAGO, IL 60601			Aon Re Inc. - President/CEO

Signatures

/s/ Jennifer L. Kraft - Jennifer L. Kraft pursuant to a power of attorney from Michael G. Bungert		01/04/2007
^**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)	Shares of common stock acquired upon the vesting of a restricted stock award.
(2)	Includes 1,165 shares acquired under the Aon employee stock purchase plan.
(3)	Shares of common stock withheld by the issuer for the payment of withholding taxes in connection with the vesting of a restricted stock award.
(4)	The restricted stock unit award converts to shares of common stock on a 1-for-1 basis.
(5)	Awards will vest in accordance with the Aon Stock Incentive Plan as follows: 20% of the awards will vest on each of the third and tenth anniversaries of the date of grant, and 10% of the awards will vest on each of the fourth through ninth anniversaries of the date of grant.
(6)	Vesting will occur in accordance with the Aon Stock Incentive Plan as follows: one-third of the options will vest on each of the second, third and fourth anniversaries of the date of grant.
(7)	Stock option granted pursuant to the Aon Stock Incentive Plan.
(8)	The phantom shares convert to shares of common stock on a 1-for-1 basis.
(9)	The phantom shares represent vested award shares of which the reporting person has deferred receipt.
(10)	Represents the phantom share balance as of December 31, 2006.

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