CINCINNATI FINANCIAL CORP — Director's Dealing 2014

Mar 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2014-03-03

Reporting Person: SCHERER J F (EVP & Chief Ins. Off. - Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-03	Common Stock	M	5584	—	Acquired	70447	Indirect
2014-03-03	Common Stock	M	415	—	Acquired	70862	Indirect
2014-03-03	Common Stock	F	2822	$46.49	Disposed	68040	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-03	Restricted Stock Units	$0	M	5584	Disposed		Common Stock (5584)	Direct
2014-03-03	Restricted Stock Units	$0	M	415	Disposed		Common Stock (415)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct
Common Stock	2681	Indirect
Common Stock	50413	Indirect

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 restricted stock units became payable on March 3, 2014. The performance goals were met at the maximum level.