SAFECO CORP 4
4 · SAFECO CORP · Filed Jul 18, 2006
Insider Transaction Report
Form 4
SAFECO CORPSAFC
DALENTA TERESA J
Sr. Vice Pres., Chief Actuary
Transactions
- Award
Phantom Stock Units
2006-07-14$33.76/sh+9.535$322→ 963.125 total→ Common Stock (9.535 underlying) - Award
Phantom Stock Units
2006-07-14$33.76/sh+2.575$87→ 965.7 total→ Common Stock (2.575 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 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 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.