CINCINNATI FINANCIAL CORP — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2017-05-02

Reporting Person: Love Lisa Anne (Sr VP, Gen. Counsel, Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-02	Common Stock	G	500	—	Disposed	22400.247	Direct
2017-05-03	Common Stock	M	2750	$37.59	Acquired	25150.247	Direct
2017-05-03	Common Stock	F	2041	$71.36	Disposed	23109.247	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-03	Employee Stock Option (Right to Buy)	$37.59	M	2750	Disposed	2018-02-18	Common Stock (2750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2264	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Shares	$0		Common Stock (8303)	8303	Direct

Footnotes

F1: The option vests in three annual installments beginning on the first anniversary of the date of grant.

F2: 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. The insider has also elected that future bi-weekly contributions in the Top Hat Savings Plan be invested in the Cincinnati Financial Stock Plan.