CHUBB CORP 4
4 · CHUBB CORP · Filed Dec 21, 2015
Insider Transaction Report
Form 4
Korsgaard Mark P.
Executive Vice President
Transactions
- Award
RESTRICTED STOCK UNITS
2015-12-17$131.01/sh+1,049$137,429→ 5,120 totalExercise: $0.00→ Common Shares (1,049 underlying) - Exercise/Conversion
Common Shares
2015-12-17$131.66/sh+5,910$778,081→ 11,576 total - Tax Payment
Common Shares
2015-12-17$131.66/sh−2,194$288,851→ 9,382 total
Footnotes (3)
- [F1]On 2/27/13, the reporting person received a target award of 4,113 performance shares (the "Award"). Under the terms of the Award, the reporting person would be entitled to receive a number of shares of Chubb's common stock ("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 that continued to file public reports during the period from 1/1/13 through 12/31/15. On 12/17/2015, the performance multiplier for the Award was determined to be 143.70%, which resulted in an issuance to the reporting person of 5,910 shares of Common Stock.
- [F2]Restricted Stock Units generally cliff vest on the third anniversary of the grant date.
- [F3]N/A