SEC Form 4 · accession 0001209191-18-013531
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 22, 2018
Accepted (ET)
Feb 26, 2018 · 6:04 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 22, 2018 | A | 4,726 | $0.00 | A | 83,760 | D | |
| Common SharesF3 | Feb 22, 2018 | A | 7,090 | $0.00 | A | 90,850 | D | |
| Common SharesF4 | Feb 22, 2018 | A | 4,609 | $0.00 | A | 95,459 | 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 SharesF5,F6 | $143.07 | Feb 22, 2018 | A | 15,753 | A | — | Feb 22, 2028 | Common Shares | 15,753 | 33,379 | D |
| ESOP Excess Benefit Plan RightsF6,F9,F7,F8 | — | holding | — | — | — | — | — | Common Shares | 6,221 | 6,221 | 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 171 shares purchased on 06/30/2017 pursuant to the Chubb Limited 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 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 The Chubb Corporation ESOP Excess Benefits Plan and are to be settled upon the Reporting Person's separation from service.
- F9Includes 6,102.79 rights previously reported by the Reporting Person, and 117.895 rights that were subsequently credited pursuant to the dividend investment provisions of the excess benefits plan.
Remarks
*, Chubb Group & President, North America Commercial and Personal Insurance