SMURFIT DERMOT F 4
4 · ACE LTD · Filed May 31, 2005
Insider Transaction Report
Form 4
ACE LTDACE
SMURFIT DERMOT F
Director
Transactions
- Award
Ordinary Shares
2005-05-26+2,071.346→ 14,244.878 total
Footnotes (2)
- [F1]Stock units, representing the right to receive Ordinary Shares, granted as director fees under the ACE Limited 2004 Long-Term Incentive Plan (the "Plan"), which meets the requirements of Rule 16b-3. Such stock units will vest on the day prior to the date of the next annual ACE Limited shareholder meeting, assuming the reporting person is a director of ACE Limited on such date. Ordinary Shares will be issued for such stock units six months after the Director's termination from the Board or pursuant to such later deferral schedule as the director may elect.
- [F2]Total includes 45.857 share units credited at various times between July 14, 2004 and April 14, 2005 to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the Plan which meets the requirements of Rule 16b-3.