Zoe Baird Budinger Form 4 CHUBB / ZOE BAIRD BUDINGER ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BUDINGER ZOE BAIRD

(Last) (First) (Middle)

THE CHUBB CORPORATION

15 MOUNTAIN VIEW ROAD

(Street)

WARREN NJ 07061-1615

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHUBB CORP [ CB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	12/07/2015		G	V	7,342	D	$0.0000	0.0000	D
Common Shares	12/09/2015		M		4,000	A	$38.1575	4,000	D
Common Shares	12/09/2015		M		4,000	A	$32.45	8,000	D
Common Shares	12/09/2015		M		4,000	A	$32	12,000	D
Common Shares	12/09/2015		M		4,000	A	$30.0312	16,000	D
Common Shares	12/09/2015		M		4,000	A	$26.5075	20,000	D
Common Shares	12/07/2015		G	V	7,342	A	$0.0000	17,094	I	B&Z REV TR AND Z&B 2010 REV TR
Common Shares	12/10/2015		S		17,094	D	$130.5252(1)	0.0000	I	B&Z REV TR AND Z&B 2010 REV TR

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 (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 Securities Underlying Derivative Security (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: 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
STOCK OPTION	$32.45	12/09/2015		M			4,000	04/24/2001	04/21/2030	Common Shares	4,000	$32.45	0.0000	D
STOCK OPTION	$32	12/09/2015		M			4,000	04/25/2000	04/21/2030	Common Shares	4,000	$32	0.0000	D
STOCK OPTION(2)	$30.03	12/09/2015		M			4,000	04/27/1999	04/21/2030	Common Shares	4,000	$30.0312	0.0000	D
STOCK OPTION(2)	$26.51	12/09/2015		M			4,000	04/29/2003	04/21/2030	Common Shares	4,000	$26.5075	0.0000	D
STOCK OPTION	$38.16	12/09/2015		M			4,000	04/30/2002	04/21/2030	Common Shares	4,000	$38.1575	0.0000	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.45 to $130.63, inclusive. The reporting person undertakes to provide to The Chubb Corporation, any security holder of The Chubb Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. All Stock Options are granted in tandem with tax withholding rights.

Remarks:

Reflects adjustments made to reflect the transfer to ex-spouse on March 6, 2008 of 500 common shares previously and directly owned by reporting person, the transfer to ex-spouse on June 27, 2008 of 607 common shares previously and directly owned by reporting person, the transfer of 9,752 common shares previously and directly owned by reporting person into the B&Z 2010 REV TR and Z&B 2010 REV TRUST on July 7, 2011 and 122 common shares received from dividend reinvestment.

	Nancy J. Engers, POA	12/10/2015
	** Signature of Reporting Person	Date
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