SEC Form 4 · accession 0001209191-18-031746
Chubb Ltd · CB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheila P Burke
Director
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 3:22 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 SharesF1 | May 17, 2018 | A | 1,264 | — | A | 3,650 | D | |
| Common Shares | May 17, 2018 | F | 307 | $134.45 | D | 3,343 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Value UnitsF4,F3 | $0.00 | holding | — | — | — | — | — | Common Shares | 10,178 | 10,178 | D |
Explanation of responses
- F1Restricted stock award granted as director fees under a Chubb Limited long-term incentive plan (the "Plan"), which meets the requirements of Rule 16b-3. Such restricted stock will vest on the day of the next annual Chubb Limited shareholders meeting, assuming the reporting person is a director of Chubb Limited on such date.
- F2Common Shares being withheld in order to pay tax liability.
- F3Market Value Units are fully vested and are payable in common shares and are paid out at separation from service, unless further deferred by the participant.
- F4Total includes Market Value Units previously reported as held by the reporting person plus 194.97 shares credited at various times between July 2017 and April 2018 to the reporting person's account pursuant to the dividend investment provisions of the Plan which meets the requirements of Rule 16b-3, 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.