Sec Form 4 Filing - Korsgaard Mark P. @ CHUBB CORP - 2016-01-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Korsgaard Mark P.
2. Issuer Name and Ticker or Trading Symbol
CHUBB CORP [ CB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
THE CHUBB CORPORATION, 15 MOUNTAIN VIEW ROAD
3. Date of Earliest Transaction (MM/DD/YY)
01/14/2016
(Street)
WARREN, NJ07061-1615
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 01/14/2016 D 9,382 D $ 0 ( 1 ) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
RESTRICTED STOCK UNITS $ 0 ( 2 ) 01/14/2016 D 5,120 ( 2 ) ( 2 ) Common Shares 5,120 ( 2 ) 0 D
STOCK UNITS DEFERRED $ 0 ( 3 ) 01/14/2016 D 11,092 ( 3 ) ( 3 ) Common Shares 11,092 ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Korsgaard Mark P.
THE CHUBB CORPORATION
15 MOUNTAIN VIEW ROAD
WARREN, NJ07061-1615
Executive Vice President
Signatures
Nancy J. Engers, POA 01/19/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Common stock disposed of pursuant to the Agreement and Plan of Merger, dated as of June 30, 2015, by and among ACE Limited ("ACE"), William Investment Holdings Corporation and The Chubb Corporation ("Merger Agreement"), in exchange for $62.93 per share in cash and 0.6019 shares of ACE stock per share.
( 2 )Pursuant to the Merger Agreement, restricted stock units are assumed by ACE and converted into restricted stock units relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Restricted stock units generally cliff vest on the third anniversary of the grant date. One restricted stock unit is the equivalent of one share of common stock.
( 3 )Pursuant to the Merger Agreement, stock units deferred are assumed by ACE and converted into stock units deferred relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Stock units deferred represent vested shares of stock for which receipt was voluntarily deferred. One stock unit is the equivalent of one share of common stock.

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