Chubb Ltd — Director's Dealing 2014

Sep 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2014-09-10

Reporting Person: BOROUGHS TIMOTHY ALAN (Chief Investment Officer*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-10	Common Shares	M	2248	$44.48	Acquired	143703	Direct
2014-09-10	Common Shares	S	2248	$105.55	Disposed	141455	Direct
2014-09-10	Common Shares	M	13252	$44.48	Acquired	154707	Direct
2014-09-10	Common Shares	S	13252	$105.56	Disposed	141455	Direct
2014-09-10	Common Shares	M	1773	$56.40	Acquired	143228	Direct
2014-09-10	Common Shares	S	1773	$105.55	Disposed	141455	Direct
2014-09-10	Common Shares	M	10477	$56.40	Acquired	151932	Direct
2014-09-10	Common Shares	S	10477	$105.56	Disposed	141455	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-10	Options to Acquire	$44.48	M	15500	Disposed	2015-02-23	Common Shares (15500)	Direct
2014-09-10	Options to Acquire	$56.4	M	12250	Disposed	2016-02-22	Common Shares (12250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	3335	Indirect

Footnotes

F1: The Common Shares reported herein as being sold were sold at a range of between $105.45 and $105.65 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 Shares reported herein as being sold were sold at a range of between $105.46 and $105.65 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 stock options vested in equal installments on February 23, 2006, February 23, 2007 and February 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.

F5: Of the number of stock options reported 12,250 vested in equal installments on February 22, 2007, February 22, 2008 and February 22, 2009 and 50,000 became fully vested on February 22, 2011.

F6: 50,000 options of this tranche have not been exercised. Total also includes options from other tranches with different exercise prices, vesting dates and expiration dates.