Chubb Ltd — Director's Dealing 2016

Jan 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Chubb Ltd (CB)
CIK: 0000896159
Period of Report: 2016-01-14

Reporting Person: BURKE SHEILA P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-14	Common Shares	A	198	—	Acquired	198	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-14	Market Value Units	$0.00	A	9717	Acquired		Common Shares (9717)	Direct
2016-01-14	Deferred Stock Units	$0.00	A	28837	Acquired		Common Shares (28837)	Direct

Footnotes

F1: Received in exchange for 330 shares of common stock of the Chubb Corporation ("Chubb") in accordance with the Agreement and Plan of Merger ("Merger Agreement") pursuant to which ACE Limited ("ACE") acquired Chubb and pursuant to the requirements of Rule 16b-3.

F2: Pursuant to the Merger Agreement, each share of Chubb common stock was converted into 0.6019 ACE common shares and $62.93 in cash.

F3: Received in exchange for 8,306 Market Value Units in The Chubb Corporation Directors Deferred Compensation Plan in accordance with the Merger Agreement and pursuant to the requirements of Rule 16b-3.

F4: Market Value Units are fully vested and are payable in common shares and are paid out at separation from service, unless further deferred by the participant.

F5: Pursuant to the Merger Agreement, each such Chubb equity award was converted into a right to receive a number of ACE common shares equal to (a) 0.6019 ACE common shares plus (b) $62.93 in cash, divided by $110.798, which is the average closing price of ACE common shares for the five trading days prior to the closing date of the merger.

F6: Received in exchange for 24,648 Deferred Stock Units of Chubb in accordance with the Merger Agreement and pursuant to the requirements of Rule 16b-3.

F7: Deferred Stock Units are fully vested, but will not be payable, unless further deferred by the participant, until the 90th day after the earliest to occur of the reporting person's (i) death, (ii) disability, or (iii) separation from service.