SEC Form 4 · accession 0001562180-19-001663
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, 2019
Accepted (ET)
Mar 5, 2019 · 3:52 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, 2019 | M | 962 | $0.00 | A | 63,018 | D | |
| Common Stock | Mar 1, 2019 | M | 427 | $0.00 | A | 63,445 | D | |
| Common Stock | Mar 1, 2019 | M | 1,004 | $0.00 | A | 64,449 | D | |
| Common Stock | Mar 1, 2019 | F | 1,250 | $87.10 | D | 63,199 | D | |
| Common Stock | Mar 1, 2019 | M | 1,875 | $0.00 | A | 65,074 | 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, 2019 | M | 427 | D | — | — | Common Stock | 427 | 0 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 1, 2019 | M | 962 | D | — | — | Common Stock | 962 | 963 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 1, 2019 | M | 1,004 | D | — | — | Common Stock | 1,004 | 2,008 | D |
| Restricted Stock UnitsF4 | $0.00 | Mar 1, 2019 | M | 1,875 | D | — | — | Common Stock | 1,875 | 1,875 | D |
| Phantom Stock SharesF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 12,081 | 12,081 | D |
Explanation of responses
- F1The restricted stock units vested March 1, 2019, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2019.
- F2The restricted stock units vested March 1, 2019, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2020.
- F3The restricted stock units vested March 1, 2019, as set forth in the grant agreement providing for ratable vesting over a three year service period ending March 1, 2021.
- F4The restricted stock units became payable March 1, 2019. The performance goals were met at threshold level.
- 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/her phantom stock shares into an alternative investment selection within the plan.