Sec Form 4 Filing - ST PAUL FIRE & MARINE INSURANCE CO @ SELECT COMFORT CORP - 2003-11-10

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 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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1. Name and Address of Reporting Person ST PAUL FIRE & MARINE INSURANCE CO 2. Issuer Name and Ticker or Trading Symbol SELECT COMFORT CORP [ SCSS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 385 WASHINGTON STREET 3. Date of Earliest Transaction (MM/DD/YY) 11/10/2003 (Street) ST. PAUL, MN55102 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/10/2003 S 936,216 D $ 26.8 534,818 D ( 5 ) Common Stock 11/11/2003 X 32,710 A $ 3.21 567,528 D ( 5 ) Common Stock 11/11/2003 S 3,407 D $ 30.823 564,121 D ( 5 ) Common Stock 11/10/2003 S 64,162 D $ 26.8 20,886 I see footnote ( 1 ) ( 5 ) Common Stock 11/10/2003 S 351,191 D $ 26.8 38,890 I see footnote ( 2 ) ( 5 ) Common Stock 11/10/2003 S 1,087,857 D $ 26.8 0 I see footnote ( 3 ) ( 5 ) Common Stock 11/11/2003 X 1,640,000 A $ 1 0 I see footnote ( 3 ) ( 5 ) Common Stock 11/11/2003 S 54,682 D $ 29.992 593,660 ( 6 ) I see footnote ( 3 ) ( 5 ) Common Stock 37,900 I see footnote ( 4 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Warrant (Right to Buy) $ 3.21 11/11/2003 X 32,710 12/28/1995 12/28/2005 Common Stock 32,710 $ 0 0 D ( 5 ) Warrant (Right to Buy) $ 1 11/11/2003 X 1,640,000 06/06/2001 06/06/2006 Common Stock 1,640,000 $ 16,400 0 I see footnote ( 3 ) ( 5 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ST PAUL FIRE & MARINE INSURANCE CO 385 WASHINGTON STREET ST. PAUL, MN55102 X Signatures /s/ Steven L.P. Schwen, Authorized Representative 11/12/2003 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Owned directly by St. Paul Venture Capital IV, LLC ("SPVC IV"). The reporting person owns 99% of the membership interests of SPVC IV and has appointed a majority of the members of the board of directors of SPVC IV, and may therefore be deemed to be the beneficial owner of such shares. ( 2 )Owned directly by St. Paul Venture Capital V, LLC ("SPVC V"). The reporting person owns 99% of the membership interests of SPVC V and has appointed a majority of the members of the board of directors of SPVC V, and may therefore be deemed to be the beneficial owner of such shares. ( 3 )Owned directly by St. Paul Venture Capital VI, LLC ("SPVC VI"). The reporting person owns 99% of the membership interests of SPVC VI and has appointed a majority of the members of the board of directors of SPVC VI, and may therefore be deemed to be the beneficial owner of such shares. ( 4 )Owned directly by Symmetry Growth Capital, LLC ("Symmetry"). The reporting person owns 97.5% of the membership interests of Symmetry, and may therefore be deemed to be the beneficial owner of such shares. ( 5 )St. Paul Venture Capital, Inc. is affiliated with and the manager of SPVC IV, SPVC V and SPVC VI. In addition, St. Paul Venture Capital, Inc. has been designated as manager of the shares held directly by the reporting person. The reporting person has appointed a majority of the members of the board of directors of St. Paul Venture Capital, Inc. ( 6 )Represents number of shares owned after giving effect to the net exercise of the warrant on November 11, 2003 and the sale of shares on November 10, 2003.

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 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).

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