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
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
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*
SCHOLEY DAVID E

(Last) (First) (Middle)
UBS INVESTMENT BANK
1 FINSBURY AVENUE

(Street)

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHUBB CORP [ CB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/05/2005
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)
Code V Amount (A) or (D) Price
COMMON 900 D
COMMON 100 I (1) By Spouse
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
MARKET VALUE UNITS (2) $0.00 04/05/2005 A 23.7 (2) (2) COMMON 23.7 $79.06 4,381.64 D
PERFORMANCE SHARES 2004 (3) $0.00 (4) (3) (3) COMMON 1,930 1,930 D
STOCK OPTION (5) $32.59 04/28/1992 04/21/2011 COMMON 4,000 4,000 D
STOCK OPTION (5) $43.47 04/27/1993 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $38.75 04/26/1994 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $39.38 04/25/1995 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $46.97 04/23/1996 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $55.25 04/22/1997 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $77.56 04/28/1998 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $60.06 04/27/1999 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $64 04/25/2000 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $64.9 04/24/2001 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $76.32 04/30/2002 04/21/2013 COMMON 4,000 4,000 D
STOCK OPTION (5) $53.02 04/29/2003 04/21/2013 COMMON 4,000 4,000 D
STOCK UNITS (6) $0.00 (6) (6) (6) COMMON 322 322 D
Explanation of Responses:
1. Shares are held by Sir David Scholey's wife, Lady Alexandra Scholey. Sir David Scholey disclaims beneficial ownership of all of said shares.
2. Market Value Units in The Chubb Corporation Directors Deferred Compensation Plan. Units are payable in common stock only and the value of such units are based on the market value of the Coporation's common stock.
3. Represents 200% of the target performance share award, which is the maximum number of shares issuable under this award for the performance cycle ending December 31, 2006.
4. Variable Pricing
5. All Stock Options are granted in tandem with tax withholding rights.
6. Stock Units vest on the grant date and are payable in stock at the earlier of the third anniversary of the grant or termination of service as a director, unless subject to a deferral election.
Remarks:
By: Patricia S. Tomczyk, POA 04/07/2005
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.