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 *
MARONEY EDMUND J
  2. Issuer Name and Ticker or Trading Symbol
INVESTORS FINANCIAL SERVICES CORP [IFIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Technology
(Last)
(First)
(Middle)
C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON STREET
3. Date of Earliest Transaction (Month/Day/Year)
07/02/2007
(Street)

BOSTON, MA 02116
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 07/02/2007   D   109,033 D (1) 0 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
Common Stock (right to buy) $ 34.79 07/02/2007   D     374   (2) 11/17/2013 Common Stock 374 $ 0 0 D  
Common Stock (right to buy) $ 46.9 07/02/2007   D     17,056   (2) 01/19/2017 Common Stock 17,056 $ 0 0 D  
Common Stock (right to buy) $ 46.9 07/02/2007   D     82,944   (2) 01/19/2017 Common Stock 82,944 $ 0 0 D  
Common Stock (right to buy) $ 39.88 07/02/2007   D     1,805   (2) 11/16/2008 Common Stock 1,805 $ 0 0 D  
Common Stock (right to buy) $ 39.19 07/02/2007   D     60,000   (2) 11/14/2015 Common Stock 60,000 $ 0 0 D  
Common Stock (right to buy) $ 41.03 07/02/2007   D     729   (2) 11/16/2008 Common Stock 729 $ 0 0 D  
Common Stock (right to buy) $ 31.09 07/02/2007   D     16,781   (2) 11/12/2012 Common Stock 16,781 $ 0 0 D  
Common Stock (right to buy) $ 28.1 07/02/2007   D     2,438   (2) 11/18/2007 Common Stock 2,438 $ 0 0 D  
Common Stock (right to buy) $ 34.79 07/02/2007   D     17,126   (2) 11/17/2013 Common Stock 17,126 $ 0 0 D  
Common Stock (right to buy) $ 41.03 07/02/2007   D     20,000   (2) 11/15/2014 Common Stock 20,000 $ 0 0 D  
Common Stock (right to buy) $ 41.03 07/02/2007   D     16,736   (2) 11/15/2014 Common Stock 16,736 $ 0 0 D  
Common Stock (right to buy) $ 10.875 07/02/2007   D     50,808   (2) 11/15/2009 Common Stock 50,808 $ 0 0 D  
Common Stock (right to buy) $ 10.875 07/02/2007   D     14,052   (2) 11/15/2009 Common Stock 14,052 $ 0 0 D  
Common Stock (right to buy) $ 10.7579 07/02/2007   D     19,464   (2) 11/16/2008 Common Stock 19,464 $ 0 0 D  
Common Stock (right to buy) $ 7.2657 07/02/2007   D     29,752   (2) 11/18/2007 Common Stock 29,752 $ 0 0 D  
Common Stock (right to buy) $ 10.7579 07/02/2007   D     12,560   (2) 11/18/2007 Common Stock 12,560 $ 0 0 D  
Common Stock (right to buy) $ 34.75 07/02/2007   D     37,124   (2) 11/13/2010 Common Stock 37,124 $ 0 0 D  
Common Stock (right to buy) $ 22.219 07/02/2007   D     2,062   (2) 11/18/2007 Common Stock 2,062 $ 0 0 D  
Common Stock (right to buy) $ 5.4063 07/02/2007   D     16,512   (2) 11/18/2007 Common Stock 16,512 $ 0 0 D  
Common Stock (right to buy) $ 5.9844 07/02/2007   D     68,304   (2) 11/16/2008 Common Stock 68,304 $ 0 0 D  
Common Stock (right to buy) $ 31.665 07/02/2007   D     9,316   (2) 11/14/2011 Common Stock 9,316 $ 0 0 D  
Common Stock (right to buy) $ 34.9 07/02/2007   D     924   (2) 11/18/2007 Common Stock 924 $ 0 0 D  
Common Stock (right to buy) $ 34.75 07/02/2007   D     9,782   (2) 11/13/2010 Common Stock 9,782 $ 0 0 D  
Common Stock (right to buy) $ 33.125 07/02/2007   D     1,838   (2) 11/18/2007 Common Stock 1,838 $ 0 0 D  
Common Stock (right to buy) $ 31.665 07/02/2007   D     76,842   (2) 11/14/2011 Common Stock 76,842 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARONEY EDMUND J
C/O INVESTORS FINANCIAL SERVICES CORP
200 CLARENDON STREET
BOSTON, MA 02116
      SVP, Technology  

Signatures

 John E. Henry p/a for Edmund J. Maroney   07/05/2007
**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) Disposed of pursuant to the Agreement and Plan of Merger, dated February 4, 2007 among the Issuer and State Street Corporation in exchange for the right to receive 0.906 shares of State Street Corporation Common Stock. On the date of closing shares of State Street Corporation Common Stock closed at $68.70.
(2) This option was cancelled on July 2, 2007, the date of the merger of the Issuer into State Street Bank for a cash payment of the excess of $61.9957 over the exercise price per share of Issuer common stock subject to such option.

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