Chubb Ltd — Director's Dealing 2015

Dec 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2015-12-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-18	Common Shares	M	6800	$56.40	Acquired	142413	Direct
2015-12-18	Common Shares	S	3254	$114.94	Disposed	139159	Direct
2015-12-18	Common Shares	S	3546	$114.88	Disposed	135613	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-18	Options to Acquire Common Shares	$56.40	M	6800	Disposed	2016-02-22	Common Shares (6800)	Direct

Footnotes

F1: Sale of Common Shares in connection with broker-assisted cashless exercise of options.

F2: The Common Shares reported herein as being sold were sold at a range of between $114.80 and $115.00 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 Common Shares reported herein as being sold were sold at a range of between $114.77 and $115.195 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.

F4: The stock options vested in equal installments on February 22, 2007, February 22, 2008 and February 22, 2009.

F5: All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.