AXIS CAPITAL HOLDINGS LTD — Director's Dealing 2013

Apr 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXIS CAPITAL HOLDINGS LTD (AXS)
CIK: 0001214816
Period of Report: 2013-04-12

Reporting Person: BUTT MICHAEL A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-12	Common Shares	M	55000	$29.62	Acquired	1235567	Direct
2013-04-12	Common Shares	F	38341	$42.49	Disposed	1197226	Direct
2013-04-12	Common Shares	M	55000	$28.02	Acquired	1252226	Direct
2013-04-12	Common Shares	F	36270	$42.49	Disposed	1215956	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-12	Employee Stock Option	$29.62	M	55000	Disposed	2013-05-03	Common Shares (55000)	Direct
2013-04-12	Employee Stock Option	$28.02	M	55000	Disposed	2013-05-03	Common Shares (55000)	Direct

Footnotes

F1: The Employee Stock Option vested in three equal installments commencing January 2, 2004.

F2: The Employee Stock Option vested in three equal installments commencing January 13, 2005.