Greenberg Evan G's Form 4/A amendment
AmendedChubb Ltd (CB) · filed Oct 28, 2021
- Accession no.
- 0001209191-21-061906
- Filed
- Oct 28, 2021
- Trade date
- Aug 23, 2021
- Filing delay
- 66 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 25, 2021
This filing lists 1 non-derivative transaction and 1 derivative transaction. It carries over 5 transactions from the original filing that it did not restate. Open-market sales total $21.5M. It was filed 66 days after the trade.
This amendment restates part of 0001209191-21-053309 (filed Aug 25, 2021). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Greenberg Evan GCIK 0001162125 | Director, Officer (Chairman & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 23, 2021 | Common Shares | MOption exerciseAcquired | +1,363 | $73.35 | +$99,976.05 | 733,282 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 23, 2021 | Common Shares | MOption exerciseDisposed | −1,363 | $0.00 | $0 | 177,851 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001209191-21-053309 (filed Aug 25, 2021).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 23, 2021 | Common Shares | SSaleDisposed | −69,908 | $186.22F1 | −$13,018,267.76 | 733,483 | Direct | |
| Aug 23, 2021 | Common Shares | SSaleDisposed | −201 | $187.03F2 | −$37,593.03 | 733,282 | Direct | |
| Aug 24, 2021 | Common Shares | MOption exerciseAcquired | +45,433 | $73.35 | +$3,332,510.55 | 778,715 | Direct | |
| Aug 24, 2021 | Common Shares | SSaleDisposed | −45,433 | $185.91F3 | −$8,446,449.03 | 733,282 | Direct |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 24, 2021 | Common Shares | MOption exerciseDisposed | −45,433 | $0.00 | $0 | 875,066 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- F1
The Common Shares reported herein as being sold were sold at a range of between $186.00 and $187.00 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.
Referenced by the price of 1 transaction in Table I.
- F2
The Common Shares reported herein as being sold were sold at a range of between $187.02 and $187.04 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.
Referenced by the price of 1 transaction in Table I.
- F3
The Common Shares reported herein as being sold were sold at a range of between $185.75 and $186.68 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such price range.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On August 25, 2021, the reporting person filed a Form 4 reporting an exercise of options to acquire 70,109 common shares and the subsequent sale of such shares on August 23, 2021, and an exercise of options to acquire 45,433 common shares and the subsequent sale of such shares on August 24, 2021. Such options to acquire common shares had previously been gifted to entities for which adult family members of the reporting person are beneficiaries and for which the reporting person does not have a pecuniary interest, so the exercise of those options and subsequent sale of shares did not need to be reported. This Form 4/A amends the Form 4 filed on August 25, 2021 so that such Form 4, as amended, only reflects the exercise of the 1,363 options to acquire common shares held by the reporting person on August 23, 2021.
- F2
Options vested as follows: 1/3 on February 23, 2013, 1/3 on February 23, 2014 and 1/3 on February 23, 2015.
- F3
As of August 25, 2021, the reporting person owned in aggregate 177,851 options to acquire common shares, which such aggregate number includes options from other tranches with different exercise prices, vesting and expiration dates.