SEC Form 4 · accession 0001225208-15-022711
CHUBB CORP · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard G. Spiro
Officer — Executive Vice President
Period of report
Dec 17, 2015
Accepted (ET)
Dec 21, 2015 · 9:51 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000020171
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Dec 17, 2015 | M | 34,046 | $131.655 | A | 128,863 | D | |
| Common Shares | Dec 17, 2015 | F | 17,347 | $131.655 | D | 111,516 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITSF2,F3 | $0.00 | Dec 17, 2015 | A | 5,056 | A | — | — | Common Shares | 5,056 | 27,221 | D |
Explanation of responses
- F1On 2/27/13, the reporting person received a target award of 23,693 performance shares (the "Award"). Under the terms of the Award, the reporting person would be entitled to receive a number of shares of Chubb's common stock ("Common Stock) equal to the target award multiplied by a performance multiplier ranging from 0% to 200% depending on Chubb's relative stock performance compared to other companies in the S&P 500 Index that continued to file public reports during the period from 1/1/13 through 12/31/15. On 12/17/2015, the performance multiplier for the Award was determined to be 143.70%, which resulted in an issuance to the reporting person of 34,046 shares of Common Stock.
- F2Restricted Stock Units generally cliff vest on the third anniversary of the grant date.
- F3N/A