SEC Form 4 · accession 0001209191-17-014816
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Lupica
Officer — Vice Chrm, Chubb Limited*
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:52 pm 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 SharesF1,F2 | Feb 23, 2017 | A | 7,187 | $0.00 | A | 175,956 | D | |
| Common SharesF3 | Feb 23, 2017 | A | 10,780 | $0.00 | A | 186,736 | D | |
| Common SharesF4 | Feb 23, 2017 | A | 7,007 | $0.00 | A | 193,743 | 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,F6 | $139.01 | Feb 23, 2017 | A | 23,957 | A | — | Feb 23, 2027 | Common Shares | 23,957 | 172,105 | D |
Explanation of responses
- F1Restricted stock award pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). Stock vests as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award.
- F2Total includes 191 shares purchased on 6/30/2016 pursuant to the Chubb Ltd. Employee Stock Purchase Plan which meets the requirements of rule 16b-3.
- F3Restricted stock award pursuant to the Plan. Stock vests on the third anniversary of the date of the award subject to the satisfaction of certain service and performance based criteria.
- F4Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards described above. Stock vests on the third anniversary of the date of the award, subject to the satisfaction of certain service and performance based criteria. Shares will not be entitled to vote until vested. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested.
- F5Option award pursuant to the Plan. Options vest as follows: 1/3 on the first anniversary of date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.
- F6Total includes options from other tranches with different exercise prices, vesting and expiration dates.
Remarks
*/Chubb Group and President, North America Major Accounts and Specialty Insurance