SEC Form 4 · accession 0001127602-17-010062
CINCINNATI FINANCIAL CORP · CINF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Sewell
Officer — CFO, Sr Vice Pres & Treasurer
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 3:31 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 | Mar 1, 2017 | M | 7,885 | $0.00 | A | 58,406 | D | |
| Common Stock | Mar 1, 2017 | M | 246 | $0.00 | A | 58,652 | D | |
| Common Stock | Mar 1, 2017 | M | 428 | $0.00 | A | 59,080 | D | |
| Common Stock | Mar 1, 2017 | F | 3,189 | $74.66 | D | 55,891 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Mar 1, 2017 | M | 7,885 | D | — | — | Common Stock | 7,885 | 7,885 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 1, 2017 | M | 246 | D | — | — | Common Stock | 246 | 246 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 1, 2017 | M | 428 | D | — | — | Common Stock | 428 | 854 | D |
| Phantom Stock SharesF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 11,366 | 11,366 | D |
Explanation of responses
- F1The restricted stock units became payable March 1, 2017. The performance goals were met at the target level.
- F2The restricted stock units vested March 1, 2017, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2018.
- F3The restricted stock units vested March 1, 2017, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2019.
- F4The 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.