SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lupica John J

(Last)

(First)

(Middle)

436 WALNUT STREET

(Street)

PHILADELPHIA

19106-3703

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ACE Ltd [ ACE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chrm, Ins - NA,*

3. Date of Earliest Transaction (Month/Day/Year)
12/24/2013

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	12/24/2013		M		2,248	A	$44.48	74,914.2	D
Common Shares	12/24/2013		M		1,773	A	$56.4	76,687.2	D
Common Shares	12/24/2013		M		1,781	A	$56.14	78,468.2	D
Common Shares	12/24/2013		M		2,596	A	$38.51	81,064.2	D
Common Shares								35,700	I	by trust for wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options to Acquire	$44.48	12/24/2013		M			2,248	⁽¹⁾	02/23/2015	Common Shares	2,248	$0	108,064⁽²⁾	D
Options to Acquire	$56.4	12/24/2013		M			1,773	⁽³⁾	02/22/2016	Common Shares	1,773	$0	106,291⁽²⁾	D
Options to Acquire	$56.14	12/24/2013		M			1,781	⁽⁴⁾	02/28/2017	Common Shares	1,781	$0	104,510⁽²⁾	D
Options to Acquire	$38.51	12/24/2013		M			2,596	⁽⁵⁾	02/26/2019	Common Shares	2,596	$0	101,914⁽²⁾	D

Explanation of Responses:

1. The options were granted on February 23, 2005 and vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

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

3. The options were granted on February 22, 2006 and vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

4. The options were granted on February 28, 2007 and vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

5. The options were granted on February 26, 2009 and vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

Remarks:

*Vice Chairman - ACE Limited and ACE Group Holdings and President - ACE USA

	/s/ Samantha Froud, Attorney-in-fact	12/27/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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