SAFECO CORP 4

4 · SAFECO CORP · Filed Jul 27, 2005

Form 4

Period: 2005-07-25

Director

Transactions

Award
Phantom Stock Units
2005-07-25$34.61/sh+15.73$544→ 6,471.394 total
→ Common Stock (15.73 underlying)
Award
Phantom Stock Units
2005-07-25$34.61/sh+95.35$3,300→ 6,427.276 total
→ Common Stock (95.35 underlying)
Award
Phantom Stock
2005-07-25$34.61/sh+28.388$983→ 6,455.644 total
→ Common Stock (28.388 underlying)

Footnotes (4)

[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.

Documents

1 file