SEC Form 4 · accession 0001209191-17-015223
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Krump
Officer — Executive Vice President*
Period of report
Feb 26, 2017
Accepted (ET)
Feb 28, 2017 · 4:03 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 | Feb 26, 2017 | M | 21,788 | $0.00 | A | 101,564 | D | |
| Common Shares | Feb 26, 2017 | F | 10,768 | $138.545 | D | 90,796 | D | |
| Common SharesF3 | Feb 26, 2017 | M | 7,262 | $0.00 | A | 98,058 | D | |
| Common SharesF4 | Feb 26, 2017 | F | 3,719 | $138.545 | D | 94,339 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF5,F1 | $0.00 | Feb 26, 2017 | M | 21,788 | D | — | — | Common Shares | 21,788 | 35,560 | D |
| Restricted Stock UnitsF6,F3 | $0.00 | Feb 26, 2017 | M | 7,262 | D | — | — | Common Shares | 7,262 | 11,853 | D |
| ESOP Excess Benefit Plan RightsF9,F10,F7,F8 | — | holding | — | — | — | — | — | Common Shares | 6,103 | 6,103 | D |
Explanation of responses
- F1Reflects Performance Units which cliff vested on February 26, 2017. Performance Units convert into Common Shares on a one-for-one basis.
- F10Total excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates as applicable.
- F2Common Shares being withheld in order to pay tax liability.
- F3Reflects Restricted Stock Units which cliff vested on February 26, 2017. Restricted Stock Units convert into Common Shares on a one-for-one basis.
- F4The reporting person no longer holds an indirect interest.
- F5All Performance Units of this tranche have vested. Total includes Performance Units from other tranches with different vesting dates, but excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.
- F6All Restricted Stock Units of this tranche have vested. Total includes Restricted Stock Units from other tranches with different vesting dates, but excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.
- F7Each ESOP Excess Benefit Plan Right represents the right to receive one Common Share.
- F8The reported ESOP Excess Benefit Plan Rights were acquired under an excess benefits plan and are to be settled upon the Reporting Person's separation from service.
- F9Includes 5,970.994 rights reported on the Reporting Person's Form 3, and 194.715 rights that were subsequently credited pursuant to the dividend investment provisions of the excess benefits plan.
Remarks
*of Chubb Group and President of North America Commercial and Personal Insurance