Chubb Ltd — Director's Dealing 2015

Oct 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2015-10-21

Reporting Person: Lupica John J (Vice Chrm, ACE Limited,*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-21	Common Shares	M	8017	$56.40	Acquired	138124.2	Direct
2015-10-21	Common Shares	S	3747	$112.18	Disposed	134377.2	Direct
2015-10-21	Common Shares	S	4270	$113.12	Disposed	130107.2	Direct
2015-10-21	Common Shares	S	4067	$112.15	Disposed	126040.2	Direct
2015-10-21	Common Shares	S	7914	$113.14	Disposed	118126.2	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-21	Options to Acquire Common Shares	$56.40	M	8017	Disposed	2016-02-22	Common Shares (8017)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	35700	Indirect

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 $112 and $112.71 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 $112.72 and $113.68 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 Common Shares reported herein as being sold were sold at a range of between $112 and $112.65 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.

F5: The Common Shares reported herein as being sold were sold at a range of between $112.69 and $113.66 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.

F6: The stock options vested in equal installments on February 22, 2007, February 22, 2008 and February 22, 2009.

F7: All options of this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.