-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VP5ake+GZioBGG4BxVUyHPb3KEPh2ddtnWN2o5MfmDWuSOeFt3AD8ZSIidLOHY1g tg6gDwaBJ/7MLLGzfEPD6A== 0000902561-01-500062.txt : 20010522 0000902561-01-500062.hdr.sgml : 20010522 ACCESSION NUMBER: 0000902561-01-500062 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010228 FILED AS OF DATE: 20010521 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACE LTD CENTRAL INDEX KEY: 0000896159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-11778 FILM NUMBER: 1644614 BUSINESS ADDRESS: STREET 1: ACE BLDG STREET 2: 30 WOODBOURNE AVE CITY: HAMILTON HM 08 BERMU STATE: D0 BUSINESS PHONE: 8092955200 MAIL ADDRESS: STREET 1: P O BOX HM 1015 CITY: HAMITON BERMUDA STATE: D0 COMPANY DATA: COMPANY CONFORMED NAME: CHARMAN JOHN CENTRAL INDEX KEY: 0001072537 STANDARD INDUSTRIAL CLASSIFICATION: [] OFFICER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: CHARMAN UNDERWRITING #1 MINSTER CRT STREET 2: MINCING LANE LONDON ENGLAND BC3R7AA MAIL ADDRESS: STREET 1: CHARMAN UNDERWRITING STREET 2: #1 MINSTER COURT MINCING LANE LONDON ENG 4 1 form-4.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [X] Check 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* CHARMAN John R. - ------------------------------------------------------------------------------- (Last) (First) (Middle) - ------------------------------------------------------------------------------- (Street) - ------------------------------------------------------------------------------- (City) (State) (Zip) ENGLAND _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol ACE Limited (NYSE: ACE) _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year February 2001 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) _______________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Former Chief Executive Officer, ACE Global Markets Ltd. ------------------------------------------------------- _______________________________________________________________________________ 7. 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 ===============================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Ordinary Shares 2/22/2001 A(1) V 27,500 A (1) 886,920(2) D(3) - ----------------------------------------------------------------------------------------------------------------------------------- Ordinary Shares 1,973,657 I(3)(4) By trusts - ----------------------------------------------------------------------------------------------------------------------------------- Ordinary Shares 24,619 I(5) By ACE Trustees Limited - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) (Form 4-07/99) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ===============================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Options Ordinary to acquire $36.30 2/22/2001 A V 66,000 (6) 2/22/2011 Shares 66,000 (6) 226,000(2) D - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== Explanation of Responses: (1) Restricted stock award pursuant to ACE Limited 1995 Long-Term Incentive Plan. Stock vests as follows: 1/4 on first anniversary of the date of the award, 1/4 on second anniversary of the date of the award, 1/4 on third anniversary of the date of the award, and 1/4 on fourth anniversary of the date of the award. (2) Although the reporting person is no longer an executive officer of ACE Limited, for the purposes of the restricted stock and options that comprise these totals but are not presently vested or exercisable, the reporting person's date of termination of employment with ACE Limited is deemed to be July 8, 2003. Thus, such restricted stock and options will continue to vest in accordance with the terms of their respective award agreements until July 8, 2003, at which time all such restricted stock and options that have not become exercisable will be forfeited and will lapse. (3) These totals reflect (a) a change in the allocation of 38 Ordinry Shares which were previously reported as having been purchased directly by the reporting person, but were indirectly attributable to the reporting person and (b) dividends of Ordinary Shares which have been reinvested pursuant to the ACE Limited Dividend Reinvestment Plan in exempt transactions in accordance with Rule 16a-11. (4) These Ordinary Shares are subject to trust arrangements for the benefit of the reporting person and/or his family members. The reporting person disclaims beneficial ownership of the Ordinary Shares held by these trusts. (5) The reporting person was a director of ACE Trustees Limited and, under the rules of the SEC, may be deemed to have had beneficial ownership of such shares. However, the reporting person disclaims having had beneficial ownership of any of the Ordinary Shares held by these trusts. (6) Option award pursuant to ACE Limited 1995 Long-Term Incentive Plan. Options vest as follows: 1/3 on first anniversary of the date of the award, 1/3 on second anniversary of the date of the award, and 1/3 on the third anniversary of the award.
By: /s/ John R. Charman 16th of May 2001 - -------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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 provided is insufficient, see Instruction 6 for procedure. Page 2 EDGARLink 7.0 (8/00) Ver. 3.1 -----END PRIVACY-ENHANCED MESSAGE-----