Chubb Ltd — Director's Dealing 2013

Apr 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2013-04-11

Reporting Person: Lupica John J (Chrm, Ins - NA, Pres.- ACE USA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-11	Common Shares	S	7500	$92.0518	Disposed	73185.2	Direct
2013-04-11	Common Shares	M	10122	$44.48	Acquired	83307.2	Direct
2013-04-11	Common Shares	S	10122	$92.0518	Disposed	73185.2	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-11	Options to Acquire	$44.48	M	10122	Disposed	2015-02-23	Common Shares (10122)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	35700	Indirect

Footnotes

F1: These shares were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2: The Common Shares reported herein as being sold were sold at a range of between $92.00 and $92.12 per share. The sale price reported above represents a weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F3: The options were granted on February 23, 2005 and vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

F4: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.