SEC Form 4 · accession 0001209191-16-119383
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Alan Boroughs
Officer — Executive Vice Chairman*
Period of report
May 11, 2016
Accepted (ET)
May 12, 2016 · 8:39 am EDT
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 | May 11, 2016 | M | 14,470 | $56.14 | A | 190,849 | D | |
| Common SharesF2 | May 11, 2016 | S | 12,689 | $124.76 | D | 178,160 | D | |
| Common SharesF3 | May 11, 2016 | S | 1,781 | $124.74 | D | 176,379 | D | |
| Common Shares | holding | — | — | — | 3,335 | I | By Family Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to AcquireF5,F4 | $56.14 | May 11, 2016 | M | 14,470 | D | — | Feb 28, 2017 | Common Shares | 14,470 | 149,081 | D |
Explanation of responses
- F1Sale of Common Shares in connection with broker-assisted cashless exercise of options.
- F2The Common Shares reported herein as being sold were sold at a range of between $124.75 and $124.77 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 $124.66 and $124.76 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
- F5All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.
Remarks
*& Chief Investment Officer, Chubb Limited.