GREEN JOSHUA III 4
4 · SAFECO CORP · Filed Jan 26, 2005
Insider Transaction Report
Form 4
SAFECO CORPSAFC
GREEN JOSHUA III
Director
Transactions
- Award
Phantom Stock
2005-01-24$29.09/sh+26.838$781→ 5,849.066 total→ Common Stock (26.838 underlying) - Award
Phantom Stock
2005-01-24$29.09/sh+12.477$363→ 5,861.543 total→ Common Stock (12.477 underlying) - Award
Phantom Stock
2005-01-24$29.09/sh+85.069$2,475→ 5,822.228 total→ Common Stock (85.069 underlying)
Footnotes (5)
- [F1]These Phantom Stock Units may be converted to shares of Safeco stock as follows: The number of Phantom Stock Units acquired multiplied by the price of Phantom Stock Units on the transaction date divided by the closing price of Safeco stock on the transaction date.
- [F2]These Phantom Stock Units were acquired under the Safeco Corporation Deferred Compensation Plan for Directors (the "Plan") as a result of deferred fees and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation or may be reallocated to another investment option pursuant to the terms of the Plan.
- [F3]These Phantom Stock Units accrued under the Plan and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation or may be reallocated to another investment option pursuant to the terms of the Plan.
- [F4]These Phantom Stock Units accrued under the Plan from dividends received on restricted stock rights held by the reporting person and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation or may be reallocated to another investment option pursuant to the terms of the Plan.
- [F5]Consists of previously reported Phantom Stock Units under the Plan that were converted into Phantom Stock Units reflecting a measurement fund that is parallel to and tracks the Safeco Stock Ownership Fund under Safeco's 401(k) /Proft Sharing Retirement Plan, and that are convertible into shares of Safeco stock as explained in footnote (1), and new units acquired as reported above.