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 * DAVIS WILLIAM GRENVILLE   2. Issuer Name and Ticker or Trading Symbol FIRST AMERICAN CORP [(FAF)] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 79 WELLINGTON STREET WEST, SUITE 3000, MARITIME LIFE TOWER 3. Date of Earliest Transaction (Month/Day/Year) 03/05/2007 (Street) TORONTO, ON M5K 1N2  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 03/05/2007   A   1,049 A $ 0 1,499 D   Common Stock 03/05/2007   M   6,750 A $ 7.194 8,249 D   Common Stock 03/05/2007   S   500 D $ 48.13 7,749 D   Common Stock 03/05/2007   S   400 D $ 48.11 7,349 D   Common Stock 03/05/2007   S   1,100 D $ 48.1 6,249 D   Common Stock 03/05/2007   S   1,300 D $ 48.09 4,949 D   Common Stock 03/05/2007   S   950 D $ 48.08 3,999 D   Common Stock 03/05/2007   S   700 D $ 48.07 3,299 D   Common Stock 03/05/2007   S   800 D $ 48.06 2,499 D   Common Stock 03/05/2007   S   200 D $ 48.04 2,299 D   Common Stock 03/05/2007   S   800 D $ 48.03 1,499 D (1)

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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

Nonemployee Director Stock Option (right to buy)

$ 7.194

03/05/2007

M

6,750

04/24/1998(2)

04/14/2007

Common Stock

6,750

$ 0

0

D

Nonemployee Director Stock Option (right to buy)

$ 29.54

04/23/1999(3)

04/23/2008

Common Stock

6,750

6,750

D

Nonemployee Director Stock Option (right to buy)

$ 17.25

08/31/1999(4)

06/23/2009

Common Stock

6,750

6,750

D

Nonemployee Director Stock Option (right to buy)

$ 47.49

12/08/2006(5)

12/08/2015

Common Stock

5,000

5,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DAVIS WILLIAM GRENVILLE 79 WELLINGTON STREET WEST SUITE 3000, MARITIME LIFE TOWER TORONTO, ON M5K 1N2	X

Signatures

By: Jeffrey S. Robinson, Attorney In Fact for		03/07/2007
**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)	Includes 1,049 shares acquired pursuant to a grant of restricted stock units vesting in three equal annual increments commencing 3/5/08, the first anniversary of the grant.
(2)	The option vests in five equal annual increments commencing 4/24/98, the first anniversary of the grant.
(3)	The option vests in five equal annual increments commencing 4/23/99, the first anniversary of the grant.
(4)	The option vests in five equal annual increments commencing 8/31/99, the first anniversary of the grant.
(5)	The option vests in five equal annual increments commencing 12/8/06, the first anniversary of the grant.

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