X0202 4 2006-07-24 0000086104 SAFECO CORP SAFC 0001205159 BROWN JOSEPH W 113 KING STREET ARMONK NY 10504-1611 1 0 0 0 Phantom Stock Units 2006-07-24 4 A 0 87.915 34.12 A Common Stock 87.915 14889.589 D Phantom Stock Units 2006-07-24 4 A 0 81.349 34.12 A Common Stock 81.349 14970.938 D Phantom Stock Units 2006-07-24 4 A 0 131.873 34.12 A Common Stock 131.873 15102.811 D These Phantom Stock Units may be converted to shares of Safeco stock as follows: The number of Phantom Stock Units acquired multiplied by the price of Phantom Stock 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 Corporation Deferred Compensation Plan for Directors (the "Plan") as a result of deferred director fees and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan. These Phantom Stock Units accrued under the Plan and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan. These Phantom Stock Units accrued under the Plan from dividends received on restricted stock rights held by the reporting person and will be settled in cash following termination of the reporting person's service as a director of Safeco Corporation, or may be reallocated to another investment option pursuant to the terms of the Plan. SoYoung Kwon, Attorney-in-fact for Joseph W. Brown 2006-07-26