FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * POPPLEWELL DAVID H   2. Issuer Name and Ticker or Trading Symbol CINCINNATI FINANCIAL CORP [CINF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) PRESIDENT OF AFFILIATED CO. (Last) (First) (Middle) 6200 SOUTH GILMORE RD 3. Date of Earliest Transaction (Month/Day/Year) 02/06/2007 (Street) FAIRFIELD, OH 45014-5141 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/06/2007 02/06/2007 M   7,000 A $ 26.95 34,296 D   Common Stock 401K               409 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 38.8

01/19/2005

01/19/2014

Common Stock

16,538

16,538

D

Employee Stock Option (right to buy)

$ 41.62

(1)

01/25/2015

Common Stock

15,750

15,750

D

Employee Stock Option (right to buy)

$ 45.26

(1)

02/02/2016

Common Stock

15,000

15,000

D

Restricted Stock Units

$ 0

(2)

(2)

Common Stock

1,850

1,850

D

Stock Option

$ 30.6

01/27/2000

01/27/2009

Common Stock

16,538

16,538

D

Stock Option

$ 30.72

08/24/1999

08/24/2008

Common Stock

11,025

11,025

D

Stock Option

$ 32.45

02/01/2003

02/01/2013

Common Stock

16,538

16,538

D

Stock Option

$ 32.81

01/31/2001

01/31/2011

Common Stock

16,538

16,538

D

Stock Option

$ 34.96

01/28/2002

01/28/2012

Common Stock

16,538

16,538

D

Stock Option

$ 38.87

02/06/1999

02/06/2008

Common Stock

16,538

16,538

D

Stock Option

$ 26.95

02/06/2007

02/06/2007

M

7,000

(1)

01/25/2010

Common Stock

7,000

$ 26.95

5,827

D

Stock Options (Right to buy)

$ 44.79

(1)

01/31/2017

Common Stock

7,500

7,500

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
POPPLEWELL DAVID H 6200 SOUTH GILMORE RD FAIRFIELD, OH 45014-5141				PRESIDENT OF AFFILIATED CO.

Signatures

DAVID POPPLEWELL		02/08/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The option vests in three equal annual installments beginning on the first anniversary of the date of grant.
(2)	The restricted stock units vest March 1, 2010, if performance goals are met.

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