Chubb Ltd — Director's Dealing 2014

Feb 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2014-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-31	Common Shares	M	140000	$44.48	Acquired	1109325	Direct
2014-01-31	Common Shares	S	94096	$94.02	Disposed	1015229	Direct
2014-01-31	Common Shares	G	21250	—	Disposed	993979	Direct
2014-01-31	Common Shares	G	10625	—	Acquired	46880	Indirect
2014-01-31	Common Shares	G	10625	—	Acquired	46880	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-31	Options to Acquire Common Shares	$44.48	M	140000	Disposed	2015-02-25	Common Shares (140000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	154	Indirect
Common Shares	13381	Indirect

Footnotes

F1: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $93.755 and $94.23 per share. The sale price reported above represents the weighted average sale price for the reported transaction and have been rounded to the nearest cent.

F2: Represents a gift to trusts for son and daughter, as described below.

F3: The stock options vested in equal installments on February 25, 2006, February 25, 2007 and February 25, 2008.

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