SEC Form 4 · accession 0001209191-15-086984
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Lupica
Officer — Vice Chrm, ACE Limited,*
Period of report
Dec 23, 2015
Accepted (ET)
Dec 24, 2015 · 11:54 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Dec 23, 2015 | M | 3,149 | $56.14 | A | 121,275 | D | |
| Common SharesF2 | Dec 23, 2015 | S | 3,149 | $118.00 | D | 118,126 | D | |
| Common Shares | Dec 23, 2015 | M | 3,424 | $38.51 | A | 121,550 | D | |
| Common SharesF3 | Dec 23, 2015 | S | 3,424 | $118.00 | D | 118,126 | D | |
| Common Shares | holding | — | — | — | 35,700 | I | By trust for wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Acquire Common SharesF5,F4 | $56.14 | Dec 23, 2015 | M | 3,149 | D | — | Feb 28, 2017 | Common Shares | 3,149 | 140,567 | D |
| Options to Acquire Common SharesF7,F6 | $38.51 | Dec 23, 2015 | M | 3,424 | D | — | Feb 26, 2019 | Common Shares | 3,424 | 137,143 | D |
Explanation of responses
- F1Sale of Common Shares in connection with broker-assisted cashless exercise of options. These shares were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
- F2The Common Shares reported herein as being sold were sold at a range of between $118 and $118.04 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F3The Common Shares reported herein as being sold were sold at a range of between $118.00 and $118.04 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F4The stock options vested in equal installments on February 28, 2008, February 28, 2009 and February 28, 2010.
- F56,200 options of this tranche have not been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.
- F6The stock options vested in equal installments on February 26, 2010, February 26, 2011 and February 26, 2012.
- F79,400 options of this tranche have not been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.
Remarks
*Chairman, Insurance North America