SEC Form 4 · accession 0001127602-17-005905
CINCINNATI FINANCIAL CORP · CINF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin F Hollenbeck
Officer — Sr.VP,Chief Investment Officer
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 2:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000020286
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 39,396 | D | ||
| Common StockF1 | holding | — | — | — | 1,471 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $70.70 | Feb 10, 2017 | A | 30,810 | A | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 30,810 | 30,810 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 10, 2017 | A | 9,402 | A | — | — | Common Stock | 9,402 | 9,402 | D |
| Restricted Stock UnitsF4 | $0.00 | Feb 10, 2017 | A | 2,411 | A | — | — | Common Stock | 2,411 | 2,411 | D |
| Phantom StockF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,719 | 4,719 | D |
Explanation of responses
- F1The 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.
- F2The option vests in three annual installments beginning on the first anniversary of the date of grant.
- F3The restricted stock units vest March 1, 2020, 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.
- F4The restricted stock units vest in three annual installments on March 1, as set forth in the grant agreement, if service requirements are met.
- F5The 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.