Chubb Ltd — Director's Dealing 2013

Dec 10, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2013-12-09

Reporting Person: RINGSTED SEAN (Chief Risk Officer and*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-09	Common Shares	S	25300	$101.78	Disposed	122867	Direct
2013-12-09	Common Shares	M	8500	$44.48	Acquired	131367	Direct
2013-12-09	Common Shares	S	8500	$101.83	Disposed	122867	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-09	Options to Acquire Common Shares	$44.48	M	8500	Disposed	2015-02-23	Common Shares (8500)	Direct

Footnotes

F1: The Common Shares reported herein as being sold were sold at a range of between $101.60 and $102.02 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.

F2: The Common Stock reported herein as being sold were sold at a range of between $101.54 and $102.1903 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: Options vested as follows: 1/3 on 02/23/2006, 1/3 on 02/23/2007 and 1/3 on 02/23/2008.

F4: All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.