FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/01/2021 |
3. Issuer Name and Ticker or Trading Symbol
Chubb Ltd [ CB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Shares | 26,136(1)(2)(3) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Options to Acquire | (4) | 04/01/2031 | Common Shares | 15,095 | $158.99 | D |
Explanation of Responses: |
1. Included in the total are 13,587 shares of restricted stock granted pursuant to the Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). These shares vests in equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025. |
2. Included in the total are 5,787 shares of restricted stock granted pursuant to the Plan. These shares vests on April 1, 2024 subject to the satisfaction of certain service and performance based criteria. |
3. Included in the total are 3,762 shares of restricted stock granted pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards. These shares vest on April 1, 2024 subject to the satisfaction of certain service and performance based criteria. These shares will not be entitled to vote until vested. Dividends on these shares shall be accumulated and distributed only when, and to the extent, that the shares have vested. |
4. Options awarded pursuant to the plan. Options vest in equal installments on April 1, 2022, April 1, 2023 and April 1, 2024. |
Remarks: |
*Chief Financial Officer |
/s/ Samantha Froud, Attorney-in-fact | 07/02/2021 | |
** 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 5 (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. |