SEC Form 4 · accession 0001209191-16-125543
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip V Bancroft
Officer — Executive Vice President*
Period of report
Jun 2, 2016
Accepted (ET)
Jun 3, 2016 · 3:47 pm 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 | Jun 2, 2016 | M | 16,700 | $56.14 | A | 327,278 | D | |
| Common Shares | Jun 2, 2016 | M | 18,150 | $60.28 | A | 345,428 | D | |
| Common Shares | Jun 2, 2016 | M | 21,594 | $38.51 | A | 367,022 | D | |
| Common Shares | Jun 2, 2016 | M | 19,725 | $50.37 | A | 386,747 | D | |
| Common SharesF2 | Jun 2, 2016 | S | 72,730 | $127.30 | D | 314,017 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to AcquireF4,F3 | $56.14 | Jun 2, 2016 | M | 16,700 | D | — | Feb 28, 2017 | Common Shares | 16,700 | 171,663 | D |
| Options to AcquireF4,F5 | $60.28 | Jun 2, 2016 | M | 18,150 | D | — | Feb 27, 2018 | Common Shares | 18,150 | 153,513 | D |
| Options to AcquireF7,F6 | $38.51 | Jun 2, 2016 | M | 21,594 | D | — | Feb 26, 2019 | Common Shares | 21,594 | 131,919 | D |
| Options to AcquireF9,F8 | $50.37 | Jun 2, 2016 | M | 19,725 | D | — | Feb 25, 2020 | Common Shares | 19,725 | 112,194 | 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 $127.15 and $127.52 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 stock options vested in equal installments on February 28, 2008, February 28, 2009 and February 28, 2010.
- F4All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.
- F5The stock options vested in equal installments on February 27, 2009, February 27, 2010 and February 27, 2011.
- F6The stock options vested in equal installments on February 26, 2010, February 26, 2011 and February 26, 2012.
- F72,596 options of this tranche have not been exercised. Total also includes options from other tranches with different exercise prices, vesting dates and expiration dates.
- F8The stock options vested in equal installments on February 25, 2011, February 25, 2012 and February 25, 2013.
- F91,985 options of this tranche have not been exercised. Total also includes options from other tranches with different exercise prices, vesting dates and expiration dates.
Remarks
*and Chief Financial Officer