X0202 4 2005-04-25 0000086104 SAFECO CORP SAFC 0001205174 RUDDY JAMES W SAFECO PLAZA 4333 BROOKLYN AVENUE N.E. SEATTLE WA 98185 0 1 0 0 Executive VP & Gen. Counsel Phantom Stock Units 2005-04-25 4 A 0 1.032 32.04 A Common Stock 1.032 242.581 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 accrued under the Safeco Corporation Deferred Compensation Plan for Executives (the "Plan") and will be settled in cash following termination of the reporting person's employment with Safeco Corporation or may be reallocated to another investment option pursuant to the terms of the Plan. Stephanie Daley-Watson, Attorney-in-Fact for James W. Ruddy 2005-04-27