SEC Form 4 · accession 0001209191-17-046852
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
Jul 31, 2017
Accepted (ET)
Aug 1, 2017 · 10:28 am 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 | Jul 31, 2017 | M | 15,555 | $60.28 | A | 198,109 | D | |
| Common SharesF2 | Jul 31, 2017 | S | 15,555 | $146.52 | D | 182,554 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Acquire Common SharesF3,F4 | $60.28 | Jul 31, 2017 | M | 15,555 | D | — | Feb 27, 2018 | Common Shares | 15,555 | 128,794 | 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 $146.435 and $146.66 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 27, 2009, February 27, 2010 and February 27, 2011.
- F4All 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