Chubb Ltd — Director's Dealing 2012

Aug 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2012-08-24

Reporting Person: GREENBERG EVAN G (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-24	Common Shares	M	96372	$27.57	Acquired	832022	Direct
2012-08-24	Common Shares	F	57059	$74.16	Disposed	774963	Direct
2012-08-24	Common Shares	M	100000	$32.58	Acquired	874963	Direct
2012-08-24	Common Shares	F	63602	$74.16	Disposed	811361	Direct
2012-08-24	Common Shares	M	146373	$27.57	Acquired	957734	Direct
2012-08-24	Common Shares	F	86575	$74.34	Disposed	871159	Direct
2012-08-24	Common Shares	M	3628	$27.57	Acquired	874787	Direct
2012-08-24	Common Shares	M	3627	$27.57	Acquired	878414	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-24	Options to Acquire	$27.57	M	100000	Disposed	2013-02-27	Common Shares (1000000)	Direct
2012-08-24	Options to Acquire	$27.57	M	150000	Disposed	2013-02-27	Common Shares (150000)	Direct
2012-08-24	Options to Acquire	$32.58	M	100000	Disposed	2013-08-06	Common Shares (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	25265	Indirect
Common Shares	25265	Indirect
Common Shares	154	Indirect
Common Shares	18247	Indirect

Footnotes

F1: Common Shares being withheld in order to pay tax liability.

F2: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $74.14 and 74.24 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F3: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $74.15 and 74.175 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F4: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $74.15 and 74.465 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F5: The stock options vested in equal installments on February 23, 2004, February 23, 2005 and February 23, 2006.

F6: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.

F7: The stock options vested in equal installments on August 6, 2004, August 6, 2005 and August 6, 2006.