X0202 4 2004-10-25 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 2004-10-25 4 A 0 .784 42.85 A Common Stock .784 153.406 D 1 for 1 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 2004-10-27