4//SEC Filing
ACE LTD 4
Accession 0001181431-09-012414
$CBCIK 0000896159operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 1:05 PM ET
Size
22.6 KB
Accession
0001181431-09-012414
Insider Transaction Report
Form 4
ACE LTDACE
STUART GARY M
Director
Transactions
- Disposition to Issuer
Options to Acquire
2009-02-26−4,000→ 0 totalExercise: $33.39Exp: 2012-05-16→ Common Shares (4,000 underlying) - Award
Options to Acquire
2009-02-26+4,000→ 4,000 totalExercise: $33.39Exp: 2012-05-16→ Common Shares (4,000 underlying) - Disposition to Issuer
Options to Acquire
2009-02-26−4,000→ 0 totalExercise: $35.25Exp: 2011-05-11→ Common Shares (4,000 underlying) - Disposition to Issuer
Options to Acquire
2009-02-26−2,000→ 0 totalExercise: $35.25Exp: 2011-05-11→ Common Shares (2,000 underlying) - Disposition to Issuer
Options to Acquire
2009-02-26−4,000→ 0 totalExercise: $34.45Exp: 2013-05-15→ Common Shares (4,000 underlying) - Award
Options to Acquire
2009-02-26+4,000→ 4,000 totalExercise: $35.25Exp: 2011-05-11→ Common Shares (4,000 underlying) - Award
Options to Acquire
2009-02-26+2,000→ 2,000 totalExercise: $35.25Exp: 2011-05-11→ Common Shares (2,000 underlying) - Award
Options to Acquire
2009-02-26+4,000→ 4,000 totalExercise: $34.45Exp: 2013-05-15→ Common Shares (4,000 underlying)
Footnotes (6)
- [F1]When granted, the respective term of each option which is being reported as disposed of provided that such option expired on the earlier of: (i) the ten-year anniversary of the date of the grant or (ii) the one-year anniversary of Mr. Stuart's date of termination as a director. Mr. Stuart will retire from the board when his term expires at the company's 2009 annual general meeting scheduled for May 20, 2009. The terms of each option has been amended so that each option which is being reported as acquired will expire on the tenth anniversary of the date of its grant rather than on the one-year anniversary of his retirement from the board. This form 4 is being filed to report this amendment to the expiration provisions of Mr. Stuart's options, which resulted in the deemed cancellation of the "old " options and the grant of replacement options. All options are fully vested and the terms of each option other than the expiration date remain unchanged.
- [F2]All options were granted as director compensation pursuant to a plan that meets the requirements of Rule 16b-3.
- [F3]The options were granted on May 11, 2001. The options vested as follows: 1/3 on the date immediately prior to each of the next three annual ACE Limited shareholder meetings following the date of the grant.
- [F4]The options are fully exercisable.
- [F5]The options were granted on May 16, 2002. The options vested as follows: 1/3 on the date immediately prior to each of the next three annual ACE Limited shareholder meetings following the date of the grant.
- [F6]The options were granted on May 15, 2003. The options vested as follows: 1/3 on the date immediately prior to each of the next three annual ACE Limited shareholder meetings following the date of the grant.
Documents
Issuer
ACE LTD
CIK 0000896159
Entity typeoperating
IncorporatedSwitzerland
Related Parties
1- filerCIK 0000896159
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 1:05 PM ET
- Size
- 22.6 KB