SAFECO CORP 4
4 · SAFECO CORP · Filed Jul 27, 2005
Insider Transaction Report
Form 4
SAFECO CORPSAFC
LAUER DALE E
Exec. VP, Safeco Ins. Cos.
Transactions
- Award
Phantom Stock Units
2005-07-25$34.61/sh+69.465$2,404→ 15,578.73 total→ Common Stock (69.465 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 Executives (the "Plan") and will be settled in cash following termination of the reporting person's service as an officer of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan.