CINCINNATI FINANCIAL CORP — Director's Dealing 2014

Feb 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2014-02-14

Reporting Person: TIMMEL TIMOTHY L (Sr. Vice President-Subsidiary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Employee Stock Option (Right to Buy)	$46.81	A	3686	Acquired	2024-02-14	Common Stock (3686)	Direct
2014-02-14	Restricted Stock Units	$0	A	7372	Acquired		Common Stock (7372)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct
Common Stock	3355	Indirect
Common Stock	383	Indirect
Common Stock	39948	Indirect
Common Stock	98730	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (9648)	9648	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 restricted stock units vest March 1, 2017, as set forth in the grant agreement, if performance goals are met. The number of restricted stock units shown is the maximum number of such units that may vest.

F4: 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.