CINCINNATI FINANCIAL CORP — Director's Dealing 2006

Feb 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2006-02-02

Reporting Person: SHEVCHIK JOAN O (CORPORATE COMMUNICATIONS)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-02	Employee Stock Option (right to buy)	$45.26	A	5000	Acquired	2016-02-02	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14416	Direct
Common Stock	1150	Indirect
Common Stock	7019	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$38.8	2014-01-19	Common Stock (5513)	5513	Direct
Employee Stock Option (right to buy)	$41.6285	2015-01-25	Common Stock (6300)	6300	Direct
Stock Option	$20.37	2007-04-05	Common Stock (1654)	1654	Direct
Stock Option	$26.95	2010-01-25	Common Stock (5513)	5513	Direct
Stock Option	$30.6	2009-01-27	Common Stock (2205)	2205	Direct
Stock Option	$30.72	2008-08-24	Common Stock (1103)	1103	Direct
Stock Option	$32.45	2013-02-01	Common Stock (5513)	5513	Direct
Stock Option	$32.81	2011-01-31	Common Stock (4410)	4410	Direct
Stock Option	$34.96	2012-01-28	Common Stock (5513)	5513	Direct
Stock Option	$38.87	2008-02-07	Common Stock (1654)	1654	Direct

Footnotes

F2: The option is exercisable in three equal annual installments beginning on the first anniversary of the date of grant.

F1: Share amounts and exercise prices have been adjusted for a 5% Stock Dividend, record date April 6, 2005, paid April 26, 2005.