SEC Form 4 · accession 0001225208-16-024361
CHUBB CORP · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zoe Baird Budinger
Director
Period of report
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000020171
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARKET VALUE UNITSF1 | $0.00 | Jan 14, 2016 | D | 3,556 | D | — | — | Common Shares | 3,556 | 0 | D |
| STOCK UNITS DEFERREDF2 | — | Jan 14, 2016 | D | 1,916 | D | — | — | Common Shares | 1,916 | 0 | D |
| STOCK UNITS DEFERREDF2 | $0.00 | Jan 14, 2016 | D | 10,278 | D | — | — | Common Shares | 10,278 | 0 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as of June 30 2015, by and among ACE Limited (ACE), William Investment Holdings Corporation and The Chubb Corporation (Merger Agreement), market value units are assumed by ACE and converted into market value units relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Market Value Units represent fees deferred under The Chubb Corporation Directors Deferred Compensation Plan. Units are payable in common stock only and the value of such units are based on the market value of the Corporation's common stock.
- F2Pursuant to the Merger Agreement, stock units deferred are assumed by ACE and converted into stock units deferred relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Stock units deferred represent vested shares of stock for which receipt was voluntarily or mandatorily deferred, as applicable. One stock unit is the equivalent of one share of common stock.