SEC Form 4 · accession 0001209191-17-014828
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Bennett Medini
Officer — Chief Accounting Officer
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:54 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 | 3,777 | $0.00 | A | 88,802 | 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 Acquire Common SharesF3,F4 | $139.01 | Feb 23, 2017 | A | 5,036 | A | — | Feb 23, 2027 | Common Shares | 5,036 | 54,236 | 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 218 shares purchased on 6/30/2015 and 191 shares purchased on 6/30/2016 pursuant to the Chubb Limited Employee Stock Purchase Plan, which meets the requirements of Rule 16b-3.
- F3Option 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.
- F4Total includes options from other tranches with different exercise prices, vesting and expiration dates.