AXIS CAPITAL HOLDINGS LTD — Director's Dealing 2013

May 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXIS CAPITAL HOLDINGS LTD (AXS)
CIK: 0001214816
Period of Report: 2013-05-21

Reporting Person: GREENE DONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-21	Common Shares	M	8000	$29.62	Acquired	80000	Direct
2013-05-21	Common Shares	S	8000	$43.5559	Disposed	72000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-21	Employee Stock Option	$29.62	M	8000	Disposed	2014-01-01	Common Shares (8000)	Direct

Footnotes

F1: The 8,000 shares sold consist of the trades listed on Exhibit 1.

F2: The Employee Stock Option vested in three annual equal installments commencing January 2, 2005.