SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment # 3)*
Stellent, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
85856W105
(CUSIP Number)
August 2, 2004 (Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this schedule
is filed:
(X) Rule 13d-1(b)
( ) Rule 13d-1(c)
( ) Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
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1) Name of Reporting Person Safeco Corporation
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2) Check the Appropriate Box (a)
if a Member of a Group ___________________________
(See Instructions) (b)
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3) SEC Use Only
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4) Citizenship or Place of Organization State of Washington
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Number of (5) Sole Voting
Shares Bene- Power 0
ficially ___________________________________________________
Owned by (6) Shared Voting
Reporting Power 0
Person With ___________________________________________________
(7) Sole Disposi-
tive Power 0
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(8) Shared
Dispositive Power 0
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9) Aggregate Amount Beneficially 0
Owned by Reporting Person
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10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 0%
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12) Type of Reporting Person HC (See Instructions)
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Item 1(a). Name of Issuer: See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
7777 Golden Triangle Drive, Eden Prairie, MN 55344-3736
Item 2(a). Name of Person(s) Filing: See Item 1 on cover page (page 2).
Item 2(b). Address of Principal Business Office or, If None, Residence:
Safeco Corporation: Safeco Plaza, Seattle, WA 98185
Item 2(c). Citizenship: See Item 4 on cover page (page 2).
Item 2(d). Title of Class of Securities: See front cover page.
Item 2(e). CUSIP Number: See front cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b) or (c), check whether the persons filing are:
(a) ( )Broker or Dealer registered under Section 15 of the Act.
(b) ( )Bank as defined in Section 3(a)(6) of the Act.
(c) ( )Insurance Company as defined in Section 3(a)(19) of the Act.
(d) ( )Investment Company registered under Section 8 of the Investment
Company Act of 1940.
(e) ( )Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
(f) ( )Employee Benefit Plan, Pension Fund which is subject to provisions
of Employee Retirement Income Security Act of 1974 or Endowment
Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) (X)Parent Holding Company in accordance with Rule 13d-1(b)(ii)(G).
(h) ( ) Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) ( ) Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act
of 1940.
(j) ( )Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership:
Items (a) through (c): See items 1 and 5-11 of the cover page
(page 2).
Safeco Corporation expressly declares that the filing of this
statement on Schedule 13G shall not be construed as an admission
that it was, for the purposes of Section 13(d) or 13(g) of the
Securities and Exchange Act of 1934, the beneficial owner of the
securities covered by this statement. The company is filing this
statement because it was considered an indirect beneficial owner
of such securities based on its ownership or control of one or
more investment companies which directly owned such shares.
Item 5. Ownership of 5% or Less of a Class: As of August 2, 2004, Safeco
Corporation ceased to be a reporting person because it
no longer is the beneficial owner of more than 5% of the
common stock of Stellent, Inc.
Item 6. Ownership of More than 5% on Behalf of Another Person: Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Safeco Asset Management Company was the subsidiary on which Safeco
Corporation previously reported as a parent holding company. Safeco Asset
Management Company was the investment adviser to several registered
investment companies. Effective August 2, 2004, Safeco Corporation sold its
ownership interest in Safeco Asset Management Company.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group. Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and were
held in the ordinary course of business and were not acquired and
were not held for the purpose of or with the effect of changing
or influencing the control of the issuer of such securities and
were not acquired and were not held in connection with or as a
participant in any transaction having that purpose or effect.
Signature.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: September 8, 2004 Safeco Corporation
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding
Senior Vice President and Treasurer