X0202 4 2006-03-10 0000086104 SAFECO CORP SAFC 0001307621 Hughes Michael H SAFECO PLAZA 4333 BROOKLYN AVENUE NE SEATTLE WA 98185 0 1 0 0 Sr. VP-Safeco Insurance Cos. Restricted Stock Rights 2006-03-10 4 A 0 4960 0 A Common Stock 4960 4960 D Grant of Restricted Stock Rights ("RSRs") exempt under 16b-3. The number of RSRs granted is determined by the company's and the reporting person's performance in 2005. 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. Vests in four equal annual installments beginning February 15, 2007. Sarah Dods, Attorney-in-Fact for Michael H. Hughes 2006-03-14