CINCINNATI FINANCIAL CORP — Director's Dealing 2010

Nov 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2010-11-24

Reporting Person: SCHIFF JOHN J JR (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-15	Common Stock	G	81053	—	Disposed	2306330	Indirect
2010-07-15	Common Stock	G	89141	—	Disposed	2217189	Indirect
2010-10-15	Common Stock	G	82795	—	Disposed	2134394	Indirect
2010-11-24	Common Stock	A	10	—	Acquired	4096252	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1916	Indirect
Common Stock	124249	Indirect
Common Stock	107186	Indirect
Common Stock	563633	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (14132)	14132	Direct

Footnotes

F1: Shares are gifted quarterly from the Charitable Lead Annuity Trust.

F2: The reported stock was acquired under the company's 401(k) plan. The reporting person may transfer the value of his shares into an alternative investment selection within the plan.

F3: The reported phantom stock units were acquired under the company's top hat savings plan, an "Excess Benefits Plan" within the meaning of Rule 16b-3(b)(2), and are to be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of his phantom stock units into an alternative investment selection within the plan.