Chubb Ltd — Director's Dealing 2014

Nov 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2005-04-01

Reporting Person: MEDINI PAUL BENNETT (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common Shares	M	10000	$36.540	Acquired	61354.035	Direct
2012-02-16	Common Shares	S	1121	$73.15	Disposed	60223.035	Direct
2012-02-23	Common Shares	A	5113	—	Acquired	65346.035	Direct
2012-02-24	Common Shares	F	436	$73.130	Disposed	64910.035	Direct
2012-02-25	Common Shares	F	543	$73.13	Disposed	64367.035	Direct
2012-02-26	Common Shares	F	564	$73.13	Disposed	63803.035	Direct
2012-02-27	Common Shares	F	389	$72.83	Disposed	63414.035	Direct
2013-02-23	Common Shares	F	382	$86.69	Disposed	63032.035	Direct
2013-02-24	Common Shares	F	436	$86.69	Disposed	62596.035	Direct
2013-02-25	Common Shares	F	542	$84.42	Disposed	62054.035	Direct
2013-02-26	Common Shares	F	565	$85.03	Disposed	61489.035	Direct
2013-02-28	Common Shares	A	4831	—	Acquired	66320.035	Direct
2013-04-02	Common Shares	M	5905	$43.56	Acquired	72225.035	Direct
2013-04-02	Common Shares	S	5905	$88.78	Disposed	66320.035	Direct
2013-05-06	Common Shares	M	2295	$43.56	Acquired	68615.035	Direct
2014-02-23	Common Shares	F	550	$97.190	Disposed	68065.035	Direct
2014-02-24	Common Shares	F	632	$96.790	Disposed	67433.035	Direct
2014-02-25	Common Shares	F	787	$96.53	Disposed	66646.035	Direct
2014-02-27	Common Shares	A	4651	—	Acquired	71297.035	Direct
2014-02-28	Common Shares	F	519	$97.87	Disposed	72005.035	Direct
2014-10-30	Common Shares	M	6000	$44.48	Acquired	78005.035	Direct
2014-10-30	Common Shares	S	4000	$108.04	Disposed	74005.035	Direct
2014-10-30	Common Shares	M	1250	$39.93	Acquired	75255.035	Direct
2014-10-30	Common Shares	S	974	$108	Disposed	74281.035	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-01	Options to Acquire Common Shares	$39.93	A	1250	Acquired	2015-04-01	Common Shares (1250)	Direct
2012-02-16	Options to Acquire Common Shares	$36.54	M	10000	Disposed	2013-11-03	Common Shares (10000)	Direct
2012-02-23	Options to Acquire Common Shares	$73.35	A	4261	Acquired	2022-02-23	Common Shares (4261)	Direct
2013-02-28	Options to Acquire Common Shares	$85.39	A	5367	Acquired	2023-02-28	Common Shares (5367)	Direct
2013-04-02	Options to Acquire Common Shares	$43.56	M	5905	Disposed	2014-02-25	Common Shares (5905)	Direct
2013-05-06	Options to Acquire Common Shares	$43.56	M	2295	Disposed	2014-02-25	Common Shares (2295)	Direct
2014-02-27	Options to Acquire Common Shares	$96.76	A	5167	Acquired	2024-02-27	Common Shares (5167)	Direct
2014-10-30	Options to Acquire Common Shares	$44.48	M	6000	Disposed	2015-02-23	Common Shares (6000)	Direct
2014-10-30	Options to Acquire Common Shares	$39.93	M	1250	Disposed	2015-04-01	Common Shares (1250)	Direct

Footnotes

F1: The share price reported above represents the weighted average sale price of the reported transaction and has been rounded to the nearest cent. The low and high price of the Common Shares on the NYSE on the date of the sale was $72.87 and $73.43 per share, respectively.

F2: Restricted stock award pursuant to ACE Limited 2004 Long-Term Incentive Plan. Stock vests as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award.

F3: Common Shares withheld to pay tax liability.

F4: The Common Shares reported herein being sold were sold at a range of $88.59 and $89.51 per share. The share price reported above represents the weighted average sale price of the reported transactions and has been rounded to the nearest cent.

F5: Total includes 1,227 Common Shares purchased between 2011 and 2014 pursuant to the ACE Limited Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.

F6: The Common Shares reported herein being sold were sold at a range of $108.00 and $108.12 per share. The share price reported above represents the weighted average sale price of the reported transactions and has been rounded to the nearest cent.

F7: Option award pursuant to ACE Limited 2004 Long-Term Incentive Plan. Options vest as follows: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award, and 1/3 on the third anniversary of the date of the award.

F8: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.

F9: Option award pursuant to ACE Limited 1998 Long-Term Incentive Plan. Options vest as follows: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award, and 1/3 on the third anniversary of the date of the award.

F10: All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.