CINCINNATI FINANCIAL CORP — Director's Dealing 2006

Feb 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2006-02-01

Reporting Person: TIMMEL TIMOTHY L (OPERATIONS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-01	Common Stock - Trust	M	3474	$18	Acquired	43548	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-01	Stock Option	$18	M	3474	Disposed	2006-02-03	Common Stock (3474)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock 401K	1859	Direct
Common Stock IRA	383	Direct
Common Stock - Trust	39947	Indirect

Holdings (Derivative)

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
Phantom Stock	$0	1988-08-08	Common Stock (6189)	6189	Direct
Stock Option	$18.59	2006-04-06	Common Stock (16538)	16538	Direct
Stock Option	$20.37	2007-04-05	Common Stock (8269)	8269	Direct
Stock Option	$20.85	2007-04-15	Common Stock (8269)	8269	Direct
Stock Option	$26.95	2010-01-25	Common Stock (16538)	16538	Direct
Stock Option	$30.6	2009-01-27	Common Stock (16538)	16538	Direct
Stock Option	$30.72	2008-08-24	Common Stock (11025)	11025	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 (16538)	16538	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.