-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T5WtgqYVo3BavzWCQyzP1GkLDFlSw34U9RKTLMz1fQkjgVLRJSXkW+YQkFAmAdhu 6UdThFYyjlm9hwys6/NHuQ== 0000902561-01-000122.txt : 20010312 0000902561-01-000122.hdr.sgml : 20010312 ACCESSION NUMBER: 0000902561-01-000122 CONFORMED SUBMISSION TYPE: 3/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010223 FILED AS OF DATE: 20010309 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACE LTD CENTRAL INDEX KEY: 0000896159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3/A SEC ACT: SEC FILE NUMBER: 001-11778 FILM NUMBER: 1565454 BUSINESS ADDRESS: STREET 1: ACE BLDG STREET 2: 30 WOODBOURNE AVE CITY: HAMILTON HM 08 BERMU STATE: D0 BUSINESS PHONE: 8092955200 MAIL ADDRESS: STREET 1: P O BOX HM 1015 CITY: HAMITON BERMUDA STATE: D0 COMPANY DATA: COMPANY CONFORMED NAME: HERMAN MARK CENTRAL INDEX KEY: 0001135249 STANDARD INDUSTRIAL CLASSIFICATION: [] OFFICER IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FILING VALUES: FORM TYPE: 3/A BUSINESS ADDRESS: STREET 1: ACE BUILDING, 300 WOODBOURNE AVE STREET 2: HAMILTON HM08 CITY: BERMUDA STATE: D0 ZIP: 00000 BUSINESS PHONE: 4412999228 MAIL ADDRESS: STREET 1: ACE BUILDING, 300 WOODBOURNE AVE STREET 2: HAMILTON HM08 CITY: BERMUDA STATE: D0 ZIP: 00000 3/A 1 0001.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 3 OMB APPROVAL OMB Number 3235-0104 Expires September 30, 1998 Estimated average burden hours per response......0.5 INITIAL STATEMENT OF 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(f) of the Investment Company Act of 1940 ________________________________________________________________________________ 1. Name and Address of Reporting Person* HERMAN Mark - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o ACE Bermuda Insurance Ltd. The ACE Building, 30 Woodbourne Avenue - -------------------------------------------------------------------------------- (Street) Hamilton HM08 BERMUDA - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) 02/23/01 ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol ACE Limited (NYSE:ACL) ________________________________________________________________________________ 5. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) President and Chief Executive Officer, ACE Bermuda Insurance Ltd. ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) 03/02/01 ________________________________________________________________________________ 7. 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 Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Shares 18,654(1) D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print of Type Responses) (Over) FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (2) 6/8/2010 Ordinary Shares 10,000 $28.9375 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (3) 11/18/2009 Ordinary Shares 12,500 $19.3125 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (4) 11/12/2008 Ordinary Shares 15,000 $29.6250 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (5) 11/12/2007 Ordinary Shares 24,000 $30.0000 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (5) 11/14/2006 Ordinary Shares 27,000 $19.5000 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (5) 11/17/2005 Ordinary Shares 30,000 $11.8750 D - ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire (5) 6/1/2005 Ordinary Shares 22,500 $8.3750 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Explanation of Responses: (1) Of these Ordinary Shares, 11,021 are shares of restricted stock, of which 1,250 will vest on 6/8/2001,667 on 11/12/2001, 1,563 on 11/18/2001, 1,250 on 6/8/3002, 667 on 11/12/2002, 1,562 on 11/18/2002, 1,250 on 6/8/2003, 1,562 on 11/18/2003 and 1,250 on 6/8/2004. (2) Option vesting schedule: 1/3 on 6/8/2001, 1/3 on 6/8/2002 and 1/3 on 6/8/2003. (3) Option vesting schedule: 1/3 on 11/18/2000, 1/3 on 11/18/2001 and 1/3 on 11/18/2002. (4) Option vesting schedule: 1/3 on 11/12/1999, 1/3 on 11/12/2000 and 1/3 on 11/12/2001. (5) Options are fully vested.
Signed for Mark Herman pursuant to a power of attorney onb file with the Securities and Exchange Commission By: /s/ Peter Mear 9th of March 2001 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. (Print of Type Responses) Page 2 EDGARLink 7.0 (8/00) Ver. 3.1 -----END PRIVACY-ENHANCED MESSAGE-----