X0202 4 2006-11-29 0 0001042046 AMERICAN FINANCIAL GROUP INC AFG 0000942082 LINDNER CARL H III ONE EAST FOURTH STREET CINCINNATI OH 45202 1 1 0 0 Co-CEO & Co-President Common Stock 0 D Common Stock 2006-11-20 5 G 0 E 9553 0.00 D 1791732 I #1 Common Stock 2006-11-29 4 M 0 50000 37.88 A 1841732 I #1 Common Stock 2006-11-29 4 M 0 40000 42.06 A 1881732 I #1 Common Stock 2006-11-29 4 M 0 22579 35.69 A 1904311 I #1 Common Stock 2006-11-29 4 F 0 83870 52.25 D 1820441 I #1 Common Stock 21117 I #2 Common Stock 14878.2 I #4 Common Stock 509873 I #5 Common Stock 81219 I #6 Common Stock 22468 I #10 Common Stock 979000 I #12 Common Stock 1584 I #14 Common Stock 22478 I #15 Common Stock 2351835 I #18 Employee Stock Option 37.88 2006-11-29 4 M 0 50000 A 2007-03-14 Common Stock 50000 0 D Employee Stock Option 42.06 2006-11-29 4 M 0 40000 A 2009-03-20 Common Stock 40000 0 D Employee Stock Option 35.69 2006-11-29 4 M 0 22579 A 2009-02-26 Common Stock 22579 27421 D On October 5, 2006, Indirect #18 transferred to Indirect #1 155,993 shares of the Issuer's Common Stock. Indirect #1 By Carl H. Lindner III, For the Second Amended & Restated Carl H. Lindner III Family Trust Dated 3/11/94. Indirect #2 By Marth S. Lindner (Spouse), Trustee for the Second Amended and Restated Marth A. Lindner Family Trust dated 3/11/94. Indirect #4 The Company Retirement and Savings Account. the number of shares of common Stock which would be represented by the value fo the Reporting Person's Company Securities funds account in the Issuer's Reitrement and Savings Plan is based on a statement dated as of 12/31/2005 Indirect #5: By Keith E. Lindner, Trustee under an Irrevocable Trust Indenture with Carl H. Lindner III dated 11/1/82. Indirect #6: By Keith E. Lindner, Trustee under an Irrevocable Trust Indenture with Carl H. Lindner III dated 7/1/83. Indirect #10: By Keith E. Lindner, Trustee under an irrevocable Trust indenture with Carl H. Lindner III and Martha S. Lindner dated 9/26/89. Indirect #12: CHL Investments, LLC, a limited liability company directly or indirectly wholly-owned by the Reporting Person. Indirect #14: Carl H. Lindner III, Custodian of a minor. Indirect #15: Son of a Reporting Person Indirect #18: CHL III, TTEE of the CHL III 2005-1 Qualified Annuity Trust dated 10/26/2005. These Employee Stock Options ("Options") become exercisable as to 20% of the shares initially granted on the first anniversary of the date of grant, with an additional 20% becoming exercisable on each subsequent anniversary. The Options were granted under the Issuer's Stock Option Plan pursuant to Rule 16b-3. The Reporting Person exercised this stock option using previously held shares of the Issuer. Carl H. Lindner III by: Karl J. Grafe, Attorney-in-Fact 2006-11-30