CINCINNATI FINANCIAL CORP — Director's Dealing 2013

Nov 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2013-10-30

Reporting Person: Hollenbeck Martin F (Sr.VP,Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-30	Common Stock	M	5250	$41.62	Acquired	22520	Direct
2013-10-30	Common Stock	F	4609	$50.56	Disposed	17911	Direct
2013-10-31	Common Stock	M	8000	$26.59	Acquired	25911	Direct
2013-10-31	Common Stock	F	5394	$50.28	Disposed	20517	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-30	Employee Stock Option (Right to Buy)	$41.62	M	5250	Disposed	2015-01-25	Common Stock (5250)	Direct
2013-10-31	Employee Stock Option (Right to Buy)	$26.59	M	8000	Disposed	2018-11-14	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1315	Indirect
Common Stock	26	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (4218)	4218	Direct

Footnotes

F1: 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.

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

F3: The reported phantom stock shares 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 shares into an alternative investment selection within the plan.