Locke Gary F 4
4 · SAFECO CORP · Filed Apr 27, 2005
Insider Transaction Report
Form 4
SAFECO CORPSAFC
Locke Gary F
Director
Transactions
- Award
Phantom Stock Units
2005-04-25$32.04/sh+0.112$4→ 26.162 total→ Common Stock (0.112 underlying)
Footnotes (2)
- [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 accrued under the Safeco Corporation Deferred Compensation Plan for Directors (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.