SEC Form 4 · accession 0001209191-17-020776
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Alan Boroughs
Officer — Executive Vice President*
Period of report
Mar 15, 2017
Accepted (ET)
Mar 15, 2017 · 4:10 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 | Mar 15, 2017 | M | 19,480 | $38.51 | A | 205,108 | D | |
| Common SharesF2 | Mar 15, 2017 | S | 16,884 | $137.49 | D | 188,224 | D | |
| Common SharesF3 | Mar 15, 2017 | S | 2,596 | $137.45 | D | 185,628 | D | |
| Common Shares | holding | — | — | — | 3,335 | I | 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 Acquire Common SharesF4,F5 | $38.51 | Mar 15, 2017 | M | 19,480 | D | — | Feb 26, 2019 | Common Shares | 19,480 | 144,349 | 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 $137.41 and $137.73 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 $137.44 and $137.465 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 26, 2010, February 26, 2011 and February 26, 2012.
- 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