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^*

MEDINI PAUL BENNETT

(Last)

(First)

(Middle)

THE ACE BUILDING

17 WOODBOURNE AVENUE

(Street)

HAMILTON

HM 08

(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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2005

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)
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	02/16/2012		M		10,000	A	$36.54	61,354.035	D
Common Shares	02/16/2012		S		1,121	D	$73.15⁽¹⁾	60,223.035	D
Common Shares	02/23/2012		A		5,113	A	$0⁽²⁾	65,346.035	D
Common Shares	02/24/2012		F⁽³⁾		436	D	$73.13	64,910.035	D
Common Shares	02/25/2012		F⁽³⁾		543	D	$73.13	64,367.035	D
Common Shares	02/26/2012		F⁽³⁾		564	D	$73.13	63,803.035	D
Common Shares	02/27/2012		F⁽³⁾		389	D	$72.83	63,414.035	D
Common Shares	02/23/2013		F⁽³⁾		382	D	$86.69	63,032.035	D
Common Shares	02/24/2013		F⁽³⁾		436	D	$86.69	62,596.035	D
Common Shares	02/25/2013		F⁽³⁾		542	D	$84.42	62,054.035	D
Common Shares	02/26/2013		F⁽³⁾		565	D	$85.03	61,489.035	D
Common Shares	02/28/2013		A		4,831	A	$0⁽²⁾	66,320.035	D
Common Shares	04/02/2013		M		5,905	A	$43.56	72,225.035	D
Common Shares	04/02/2013		S		5,905	D	$88.78⁽⁴⁾	66,320.035	D
Common Shares	05/06/2013		M		2,295	A	$43.56	68,615.035	D
Common Shares	02/23/2014		F⁽³⁾		550	D	$97.19	68,065.035	D
Common Shares	02/24/2014		F⁽³⁾		632	D	$96.79	67,433.035	D
Common Shares	02/25/2014		F⁽³⁾		787	D	$96.53	66,646.035	D
Common Shares	02/27/2014		A		4,651	A	$0⁽²⁾	71,297.035	D
Common Shares	02/28/2014		F⁽³⁾		519	D	$97.87	72,005.035⁽⁵⁾	D
Common Shares	10/30/2014		M		6,000	A	$44.48	78,005.035	D
Common Shares	10/30/2014		S		4,000	D	$108.04⁽⁶⁾	74,005.035	D
Common Shares	10/30/2014		M		1,250	A	$39.93	75,255.035	D
Common Shares	10/30/2014		S		974	D	$108	74,281.035	D

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 Common Shares	$39.93	04/01/2005		A⁽⁷⁾		1,250		⁽⁷⁾	04/01/2015	Common Shares	1,250	$0⁽⁷⁾	59,559⁽⁸⁾	D
Options to Acquire Common Shares	$36.54	02/16/2012		M			10,000	⁽⁹⁾	11/03/2013	Common Shares	10,000	$0	49,559⁽¹⁰⁾	D
Options to Acquire Common Shares	$73.35	02/23/2012		A⁽⁷⁾		4,261		⁽⁷⁾	02/23/2022	Common Shares	4,261	$0⁽⁷⁾	53,820⁽⁸⁾	D
Options to Acquire Common Shares	$85.39	02/28/2013		A⁽⁷⁾		5,367		⁽⁷⁾	02/28/2023	Common Shares	5,367	$0⁽⁷⁾	59,187⁽⁸⁾	D
Options to Acquire Common Shares	$43.56	04/02/2013		M			5,905	⁽⁹⁾	02/25/2014	Common Shares	5,905	$0	53,282⁽⁸⁾	D
Options to Acquire Common Shares	$43.56	05/06/2013		M			2,295	⁽⁹⁾	02/25/2014	Common Shares	2,295	$0	50,987⁽¹⁰⁾	D
Options to Acquire Common Shares	$96.76	02/27/2014		A⁽⁷⁾		5,167		⁽⁷⁾	02/27/2024	Common Shares	5,167	$0⁽⁷⁾	56,154⁽⁸⁾	D
Options to Acquire Common Shares	$44.48	10/30/2014		M			6,000	⁽⁷⁾	02/23/2015	Common Shares	6,000	$0	50,154⁽¹⁰⁾	D
Options to Acquire Common Shares	$39.93	10/30/2014		M			1,250	⁽⁷⁾	04/01/2015	Common Shares	1,250	$0	48,904⁽¹⁰⁾	D

Explanation of Responses:

1. The share price reported above represents the weighted average sale price of the reported transaction and has been rounded to the nearest cent. The low and high price of the Common Shares on the NYSE on the date of the sale was $72.87 and $73.43 per share, respectively.

2. Restricted stock award pursuant to ACE Limited 2004 Long-Term Incentive Plan. Stock vests as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award.

3. Common Shares withheld to pay tax liability.

4. The Common Shares reported herein being sold were sold at a range of $88.59 and $89.51 per share. The share price reported above represents the weighted average sale price of the reported transactions and has been rounded to the nearest cent.

5. Total includes 1,227 Common Shares purchased between 2011 and 2014 pursuant to the ACE Limited Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.

6. The Common Shares reported herein being sold were sold at a range of $108.00 and $108.12 per share. The share price reported above represents the weighted average sale price of the reported transactions and has been rounded to the nearest cent.

7. Option award pursuant to ACE Limited 2004 Long-Term Incentive Plan. Options vest as follows: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award, and 1/3 on the third anniversary of the date of the award.

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

9. Option award pursuant to ACE Limited 1998 Long-Term Incentive Plan. Options vest as follows: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award, and 1/3 on the third anniversary of the date of the award.

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

	/s/Chris Kearns, Attorney-in-fact	11/03/2014
	** 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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