X0202 4 2006-06-30 0000086104 SAFECO CORP SAFC 0001205173 MYSLIWY ALLIE R SAFECO PLAZA 4333 BROOKLYN AVENUE NE SEATTLE WA 98185 0 1 0 0 Executive Vice President Phantom Stock Units 2006-06-30 4 A 0 51.604 35.72 A Common Stock 51.604 1552.971 D Phantom Stock Units 2006-06-30 4 A 0 9.51 35.72 A Common Stock 9.51 1562.481 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 Deferred Compensation Plan for Executives (the "Plan") as a result of a deferral of compensation 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 were acquired under the Plan as a result of a deferral of compensation in excess of IRC limits 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. SoYoung Kwon, Attorney-in-Fact for Allie R. Mysliwy 2006-07-03