0000902561-01-500284.txt : 20011018 0000902561-01-500284.hdr.sgml : 20011018 ACCESSION NUMBER: 0000902561-01-500284 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010930 FILED AS OF DATE: 20011010 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACE LTD CENTRAL INDEX KEY: 0000896159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11778 FILM NUMBER: 1756058 BUSINESS ADDRESS: STREET 1: ACE BLDG STREET 2: 30 WOODBOURNE AVE CITY: HAMILTON HM 08 BERMU STATE: D0 ZIP: 00000 BUSINESS PHONE: 8092955200 MAIL ADDRESS: STREET 1: P O BOX HM 1015 CITY: HAMITON BERMUDA STATE: D0 ZIP: 00000 COMPANY DATA: COMPANY CONFORMED NAME: SCOTT WALTER A CENTRAL INDEX KEY: 0001057427 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: ACE LTD STREET 2: 14 PAR LA VILLE ROAD CITY: HAMITON BUSINESS PHONE: 4412999345 MAIL ADDRESS: STREET 1: ACE LTD STREET 2: 14 PAR LA VILLE ROAD CITY: BERMUDA 4 1 scott.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 [_] 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* SCOTT Walter A. -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Fairbreeze 11 Salt Kettle Road -------------------------------------------------------------------------------- (Street) Paget PG 01 BERMUDA -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 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 September 2001 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [_] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 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 1/14/01 A(1) V 655.90 A (1) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Shares 4/12/01 A(1) V 706.59 A (1) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Shares 5/11/01 A(2) V 992 A (2) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Shares 7/13/01 A(1) V 731.58 A (1) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Shares 9/20/01 J(3) 1,000 A $21.02 217,788.87 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
* 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 Response) (Over) 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) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Options to acquire $35.25 5/11/01 A(4) V 4,000 (4) 5/11/11 Shares 4,000 (4) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Options to acquire $35.25 5/11/01 A(4) V 2,000 (4) 5/11/01 Shares 2,000 (4) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Options to acquire $21.3333 9/21/01 J(5) 184,000 9/21/01 10/01/03 Shares 184,000 (5) 336,000 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Explanation of Responses: (1) Represents share units credited to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the ACE Limited Equity Linked Incentive Plan-Stock Appreciation Rights Plan, which meets the requirements of Rule 16b-3. (2) Represents Ordinary Shares granted as a director retainer award puruant to the ACE Limited 1995 Outside Directors Plan (the "Plan"), which meets the requirements of Rule 16b-3. Such Ordinary Shares will vest on the date immediately prior to the date of the 2002 annual meeting of shareholders of the registrant, assuming the reporting person is a director of the registrant on such date. (3) This is an exempt purchase pursuant to the SEC's emergency order dated September 14, 2001 contained in Release No. 44791, as extended on September 21, 2001 through September 28, 2001. (4) Option awards pursuant to the Plan. Vesting schedule: 1/3 on the date immediately prior to each of the next three annual meetings of the registrant. (5) This transaction represents the extension of the expiration date of unexercised options granted on March 31, 1997 under the ACE Limited Equity Linked Incentive Plan which otherwise would have expired on October 1, 2001.
Signed for Walter A. Scott pursuant to a power of attorney on file with the Securities and Exchange Commission /s/ Peter N. Mear 10 October 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 3