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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| PERFORMANCE SHARES 2004 | (2) | 02/06/2007 | M | 3,860 (3) | (2) | 12/31/2006 | COMMON | 3,860 | $ 0 | 0 | D | ||||
| STOCK UNITS DEFERRED 2007 | (2) | 02/06/2007 | M | 1,380 (4) | (2) | (2) | COMMON | 1,380 | $ 0 | 1,380 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| WILLIAMS KAREN HASTIE CROWELL & MORING LLP 1001 PENNSYLVANIA AVE., N.W. WASHINGTON, DC 200042595 |
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| By: Nancy J. Obremski, POA | 02/08/2007 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The performance multiplier for the 1,930 shares awarded on April 27, 2004 was 143%. Accordingly, the reporting person was entitled to receive 2,760 shares in respect of the 2004 performance share award. The reporting person elected to defer receipt of 50% of such shares. |
| (2) | N/A |
| (3) | Represents 200% of the target 1,930 performance shares awarded on April 27, 2004, which was the maximum number of shares issuable under this award for the performance cycle ended December 31, 2006. |
| (4) | On 4/27/04 the reporting person rec'd a target award of 1,930 perf. shs. (as adjusted for the 2-for-1 stock split on 4/18/06). Under the terms of the 2004 Award the reporting person could have rec'd. a no. of shares of common stock ranging from 0%-200% of the target award depending on Chubb's relative stock perf. compared to other companies in the S&P 500 Index during the period from 5/1/04-12/31/06. At the time of the 2004 Award the reporting person reported receipt of perf. shares rep. 3,860 shares of Common Stock which was the max. no. of shares payable under the 2004 Award. On 2/6/07 the perf. mult. # for the 2004 Award was determined to be 143% of target. The reporting person elected to defer receipt of 50% of the Common Stock issuable in respect of the 2004 Award resulting in the issuance of 1,380 shares of common stock and the accrual to the reporting person's acct. of 1,380 stock units. One stock unit is the equiv. of one share of Common Stock. |