AXIS CAPITAL HOLDINGS LTD — Director's Dealing 2012

Jul 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXIS CAPITAL HOLDINGS LTD (AXS)
CIK: 0001214816
Period of Report: 2012-07-12

Reporting Person: CHARMAN JOHN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-12	Common Shares	M	200000	$14.50	Acquired	2449063	Direct
2012-07-12	Common Shares	F	87932	$32.98	Disposed	2361131	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-12	Employee Stock Option (right to buy)	$14.50	M	200000	Disposed	2012-09-25	Common Shares (200000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	789526	Indirect
Common Shares	2585580	Indirect

Footnotes

F1: Mr. Charman disclaims beneficial ownership of the shares held by N.I.M.I.C. International Ltd.

F2: Mr. Charman disclaims beneficial ownership of the shares held by the Dragon Holdings Trust.

F3: The Employee Stock Option vested in three equal installments commencing December 12, 2003.