SAFECO CORP 4

4 · SAFECO CORP · Filed Oct 4, 2005

Form 4

Period: 2005-09-30

Exec. VP, Safeco Ins. Cos.

Transactions

Award
Phantom Stock Units
2005-09-30$33.87/sh+43.057$1,458→ 16,009.226 total
→ Common Stock (43.057 underlying)
Award
Phantom Stock Units
2005-09-30$33.87/sh+17.223$583→ 16,026.449 total
→ Common Stock (17.223 underlying)
Award
Phantom Stock Units
2005-09-30$33.87/sh+12.918$438→ 16,039.367 total
→ Common Stock (12.918 underlying)

Footnotes (3)

[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 Deferred Compensation Plan for Executives (the "Plan") as a result of a deferral of compensation in excess of IRC limits 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.
[F3]These Phantom Stock Units were acquired under the Plan as a result of an employer matching contribution related to the excess deferral in (2) above 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.

Documents

1 file