-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ChXXj5JU9kFf95vK0uC2qQigGFM7AROMRK/GUjmYBtQ0rmrtYsiIGJ219c6OPh2J q6npfB0ibWIkHnBEpJEAxA== 0000086104-06-000115.txt : 20060718 0000086104-06-000115.hdr.sgml : 20060718 20060718200400 ACCESSION NUMBER: 0000086104-06-000115 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060713 FILED AS OF DATE: 20060718 DATE AS OF CHANGE: 20060718 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SAFECO CORP CENTRAL INDEX KEY: 0000086104 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 910742146 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4333 BROOKLYN AVE NE STREET 2: SAFECO PLAZA CITY: SEATTLE STATE: WA ZIP: 98185 BUSINESS PHONE: 2065455000 MAIL ADDRESS: STREET 1: 4333 BROOKLYN AVE NE CITY: SEATTLE STATE: WA ZIP: 98185 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL AMERICA CORP DATE OF NAME CHANGE: 19680529 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DALENTA TERESA J CENTRAL INDEX KEY: 0001205162 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06563 FILM NUMBER: 06968097 BUSINESS ADDRESS: BUSINESS PHONE: 2065455000 MAIL ADDRESS: STREET 1: C/O SAFECO STREET 2: 4333 BROOKLYN AVENUE NE CITY: SEATTLE STATE: WA ZIP: 98185 3 1 edgar.xml PRIMARY DOCUMENT X0202 3 2006-07-13 0 0000086104 SAFECO CORP SAFC 0001205162 DALENTA TERESA J SAFECO PLAZA 4333 BROOKLYN AVENUE NE SEATTLE WA 98185 0 1 0 0 Senior Vice President Common Stock 15920 D Common Stock 159.693 I By 401(k) Plan Phantom Stock Units Common Stock 953.59 D Restricted Stock Rights 2007-02-15 2007-02-15 Common Stock 256 D Restricted Stock Rights Common Stock 3858 D Restricted Stock Rights Common Stock 5298 D Restricted Stock Rights Common Stock 4836 D Employee Stock Option (right to buy) 32.00 2006-03-27 2012-03-27 Common Stock 1875 D Employee Stock Option (right to buy) 32.00 2006-03-27 2012-03-27 Common Stock 3125 D Employee Stock Option (right to buy) 33.32 2006-05-01 2012-05-01 Common Stock 5000 D Employee Stock Option (right to buy) 38.19 2007-05-07 2013-05-07 Common Stock 2618 D Employee Stock Option (right to buy) 38.19 2013-05-07 Common Stock 12382 D The reporting person acquired these units in the Safeco Stock Ownership Fund under the Safeco Corporation 401(k)/Profit Sharing Retirement Plan, based on a plan administor's report dated June 30, 2006. These units may be converted to shares of Safeco stock as follows: The number of units multiplied by the price of the units on the transaction date divided by the closing price of Safeco stock on the transaction date. These Phantom Stock Units were acquired under the Safeco Deferred Compensation Plan for Executives (the "Plan") and will be settled in cash following termination of the reporting person's service as an officer of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan. These Phantom Stock Units may be converted to shares of Safeco stock as follows: The number of units multiplied by the price of the units on the transaction date divided by the closing price of Safeco stock on the transaction date. Grant of restricted stock rights ("RSRs") exempt under 16b-3. RSRs represent the right to receive shares or cash equal to the value thereof, provided the reporting person remains in the issuer's service until specified vesting dates. RSRs are convertible into common stock on a 1 for 1 basis. Vest in two equal annual installments beginning February 15, 2007. Vest in three equal annual installments beginning February 15, 2007. Vest in four equal annual installments beginning February 15, 2007. 7,500 shares vested on May 3, 2006. 4,882 shares vest on May 2, 2007. SoYoung Kwon, Attorney-in-Fact for Teresa J. Dalenta 2006-07-18 EX-24 2 dalenta_poa.htm 
Power of Attorney



 The undersigned hereby constitutes and appoints Stephanie Daley-Watson,

Sarah Dods, SoYoung Kwon and Karri J. Harrington, and each of them, his or her

true and lawful attorney-in-fact to:



(1) execute for and on behalf of the undersigned, in the undersigneds capacity

as an officer, director, and/or person who holds more than 10% of the stock of

Safeco Corporation (the Company), Forms 3, Forms 4, Forms 5 and any documents

necessary to facilitate the filing of Section 16 reports in accordance with

Section 16(a) of the Securities Exchange Act of 1934, as amended (the Exchange

Act), and the rules thereunder;



(2) do and perform any and all acts for and on behalf of the undersigned which

may be necessary or desirable to complete and execute any such Forms 3, Forms

4, Forms 5 or other related documents and timely file any such forms with the

United States Securities and Exchange Commission and any other authority; and



(3) take any action of any type whatsoever in connection with the foregoing

which, in the opinion of such attorney-in-fact, may be of benefit to, in the

best interest of, or legally required by, the undersigned, it being understood

that the documents executed by such attorney-in-fact on behalf of the

undersigned, pursuant to this Power of Attorney shall be in such form and shall

contain such terms and conditions as such attorney-in-fact may approve in her

discretion.



   The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform any and every act and thing whatsoever requisite,

necessary or proper to be done in the exercise of any of the rights and powers

herein granted, as fully to all intents and purposes as the undersigned might

or could do if personally present, with full power of substitution or

revocation, hereby ratifying and confirming all that such attorney-in-fact

and her substitute or substitutes, shall lawfully do or cause to be done

pursuant to this power of attorney.  The undersigned acknowledges that the

foregoing attorneys-in-fact, in serving in such capacity at the request of the

undersigned, are not assuming, nor is the Company assuming, any of the

undersigneds responsibilities to comply with Section 16 of the Exchange Act.



   This Power of Attorney shall remain in full force and effect until the

undersigned is no longer required to file Forms 3, Forms 4, and Forms 5

with respect to the undersigned?s holdings of and transactions in securities

issued by the Company, unless earlier revoked by the undersigned in a signed

writing delivered to the attorneys-in-fact.



   The undersigned has caused this Power of Attorney to be executed as of

this 17th day of May, 2005.





        /s/ Teresa J. Dalenta

        Signature



        Teresa J. Dalenta

        Print Name
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