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*
FINNEGAN JOHN D

(Last) (First) (Middle)
THE CHUBB CORPORATION
15 MOUNTAIN VIEW ROAD

(Street)
WARREN NJ 07059

(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
X Officer (give title below) Other (specify below)
Chairman, President and C.E.O.
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2011
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 Shares 05/11/2011 A V 6,571 (1) A $0.0000 315,860 D
Common Shares 05/11/2011 G V 20,000 (2) D $0.0000 295,860 D
Common Shares 05/11/2011 S 80,000 D $64.9215 (3) 309,289 D
Common Shares 05/11/2011 S 1,591 D $65.2435 (4) 0.0000 I By Family Trust 1
Common Shares 05/11/2011 S 1,591 D $65.2138 (5) 0.0000 I By Family Trust 2
Common Shares 05/11/2011 G V 6,571 (1) D $0.0000 12,339 I By GRAT
Common Shares 05/11/2011 G V 20,000 (2) A $0.0000 20,000 I By GRAT 2011
Common Shares 201.8598 I By ESOP
Common Shares 80,000 I By Family Owned LLC
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
Explanation of Responses:
1. On May 11, 2011, a grantor retained annuity trust established by the reporting person distributed 6,571 shares to the reporting person who is the trustee. The GRAT?s subsequent return of securities to the insider in satisfaction of its annuity obligation also may be treated as an exempt change in form of beneficial ownership under Rule 16a-13.
2. On May 11, 2011 the reporting person contributed 20,000 shares of common stock to a grantor retained annuity trust for the benefit of the reporting person and his two children.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.60 to $65.32, inclusive. The reporting person undertakes to provide to The Chubb Corporation, any security holder of The Chubb Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.25 to $65.22, inclusive. The reporting person undertakes to provide to The Chubb Corporation, any security holder of The Chubb Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.24 to $65.20, inclusive. The reporting person undertakes to provide to The Chubb Corporation, any security holder of The Chubb Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
Remarks:
On 5/11/11 the ending balance of the reporting person's direct common share ownership was 295,860 after giving effect to all transactions set forth in this Form 4.
Nancy J. Engers, POA 05/13/2011
** 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.