SEC Form 4 · accession 0001225208-16-024363
CHUBB CORP · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maureen A Brundage
Officer — EVP & General Counsel
Period of report
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 4:20 pm 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 | Jan 14, 2016 | D | 16,631 | $0.00 | D | 0 | 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 | $0.00 | Jan 14, 2016 | D | 5,971 | D | — | — | Common Shares | 5,971 | 0 | D |
Explanation of responses
- F1Common stock disposed of pursuant 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"), in exchange for $62.93 per share in cash and 0.6019 shares of ACE stock per share.
- F2Pursuant to the Merger Agreement, restricted stock units are assumed by ACE and converted into restricted stock units relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Restricted stock units generally cliff vest on the third anniversary of the grant date. One restricted stock unit is the equivalent of one share of common stock.