COHEN JOEL J 4
4 · CHUBB CORP · Filed Feb 27, 2009
Insider Transaction Report
Form 4
COHEN JOEL J
DirectorOther
Transactions
- Exercise/Conversion
Common
2009-02-25$40.37/sh+2,247$90,700→ 37,987 total - Exercise/Conversion
PERFORMANCE SHARES
2009-02-25−2,666→ 0 totalExercise: $0.00→ Common (2,666 underlying)
Footnotes (3)
- [F1]On 4/25/06, the reporting person received a target award of 1,333 performance shares (the "Award"). Under the Award the reporting person would be entitled to receive a number of shares of Chubb Common Stock equal to the target award multiplied by a performance multiplier ranging from 0% to 200% depending on Chubb's relative stock performance compared to other companies in the S&P 500 Index during the period from 1/1/06 - 12/31/08. On 4/27/06 the reporting person reported receipt of performance shares rep. 2,666 shares which was maximum number of shares payable under the Award. On 2/25/09 the performance multiplier for the Award was determined to be 168.6%, which resulted in an issuance to the reporting person of 2,247 shares of Common Stock.
- [F2]N/A
- [F3]Represents 200% of the target 1,333 performance shares awarded on April 25, 2006, which was the maximum number of shares issuable under the Award for the performance period ended December 31, 2008.