CINCINNATI FINANCIAL CORP — Director's Dealing 2018

Mar 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2018-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-01	Common Stock	M	4367	—	Acquired	27460.152	Direct
2018-03-01	Common Stock	M	149	—	Acquired	27609.152	Direct
2018-03-01	Common Stock	M	262	—	Acquired	27871.152	Direct
2018-03-01	Common Stock	M	594	—	Acquired	28465.152	Direct
2018-03-01	Common Stock	F	1604	$74.18	Disposed	26861.152	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-01	Restricted Stock Units	$0	M	4367	Disposed		Common Stock (4367)	Direct
2018-03-01	Restricted Stock Units	$0	M	149	Disposed		Common Stock (149)	Direct
2018-03-01	Restricted Stock Units	$0	M	262	Disposed		Common Stock (262)	Direct
2018-03-01	Restricted Stock Units	$0	M	594	Disposed		Common Stock (594)	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 (9072)	9072	Direct

Footnotes

F1: The restricted stock units became payable March 1, 2018. The performance goals were met at the target level.

F2: The restricted stock units vested March 1, 2018, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2018.

F3: The restricted stock units vested March 1, 2018, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2019.

F4: The restricted stock units vested March 1, 2018, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2020.

F5: 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.