MEAR PETER 4
4 · ACE LTD · Filed Feb 25, 2005
Insider Transaction Report
Form 4
ACE LTDACE
MEAR PETER
General Counsel and Secretary
Transactions
- Award
Ordinary Shares
2005-02-23+10,000→ 103,373.868 total - Award
Options to Acquire
2005-02-23+8,500→ 199,000 totalExercise: $44.48Exp: 2015-02-23→ Ordinary Shares (8,500 underlying)
Footnotes (4)
- [F1]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.
- [F2]Includes 607 shares purchased on June 30, 2004, pursuant to the ACE Limited Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.
- [F3]Option award pursuant to the 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 anniversay of the date of the award.
- [F4]Total included options from other tranches with different exercise prices and expiration dates.