CINCINNATI FINANCIAL CORP - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2006-03-22

Reporting Person: STECHER KENNETH W (Sr. Vice-President & CFO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-22	Common Stock	M	3000	$18.59	Acquired	58703	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-22	Stock Option	$18.59	M	3000	Disposed	2006-04-06	Common Stock (3000)	Direct

Security	Shares	Ownership
Common Stock	31517	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$38.8	2014-01-19	Common Stock (16538)	16538	Direct
Employee Stock Option (right to buy)	$41.6285	2015-01-25	Common Stock (21000)	21000	Direct
Employee Stock Option (right to buy)	$45.26	2016-02-02	Common Stock (15000)	15000	Direct
Stock Option	$20.37	2007-04-05	Common Stock (2288)	2288	Direct
Stock Option	$26.95	2010-01-25	Common Stock (16538)	16538	Direct
Stock Option	$30.6	2009-01-27	Common Stock (5513)	5513	Direct
Stock Option	$30.72	2008-08-24	Common Stock (3308)	3308	Direct
Stock Option	$32.45	2013-02-01	Common Stock (16538)	16538	Direct
Stock Option	$32.81	2011-01-31	Common Stock (16538)	16538	Direct
Stock Option	$34.96	2012-01-28	Common Stock (16538)	16538	Direct
Stock Option	$38.87	2008-02-07	Common Stock (6615)	6615	Direct

F1: The option is exercisable in three equal annual installments beginning on the first anniversary of the date of grant.