Edgar Filing: ZOLLAR ALFRED W

Ownership Submission

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 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ZOLLAR ALFRED W

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)

(Last)

(First)

(Middle)

TIVOLI SOFTWARE, IBM CORPORATION, 294 ROUTE 100

3. Date of Earliest Transaction (Month/Day/Year)
04/26/2007

(Street)

SOMERS, NY 10589

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON	04/26/2007		M		3,200	A	$ 54.44	8,213	D
COMMON	04/26/2007		M		3,200	A	$ 54.44	11,413	D
COMMON	04/26/2007		M		3,200	A	$ 54.44	14,613	D
COMMON	04/26/2007		S		200	D	$ 54.47	14,413	D
COMMON	04/26/2007		S		4,400	D	$ 54.46	10,013	D
COMMON	04/26/2007		S		2,100	D	$ 54.45	7,913	D
COMMON	04/26/2007		S		2,900	D	$ 54.39	5,013	D
COMMON	04/27/2007		M		322 ⁽¹⁾	A	$ 54.11	5,335	D

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)

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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

STOCK OPTION ⁽²⁾

$ 32.45

04/26/2007

3,200

04/24/2001

04/26/2032

COMMON

3,200

$ 32.45

4,800

STOCK OPTION ⁽²⁾

$ 38.16

04/26/2007

3,200

04/30/2002

04/26/2032

COMMON

3,200

$ 38.16

4,800

STOCK OPTION ⁽²⁾

$ 26.51

04/26/2007

3,200

04/29/2003

04/26/2032

COMMON

3,200

$ 26.51

4,800

STOCK UNITS 2004

⁽¹⁾

04/27/2007

322

⁽¹⁾

COMMON

322

$ 0

322

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ZOLLAR ALFRED W TIVOLI SOFTWARE, IBM CORPORATION 294 ROUTE 100 SOMERS, NY 10589	X

Signatures

By: Patricia S. Tomczyk, POA		05/01/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	On April 27, 2004, the reporting person received a stock unit award in the amount of 644 shares with one stock unit being the equivalent of one share of common stock. Under its terms, this stock unit award would have settled in shares of common stock on April 27, 2007. However, the receipt of 50% of the common stock issuable in respect of this stock unit award was deferred pursuant to a prior election, resulting in the issuance of 322 shares of common stock.
(2)	All Stock Options are granted in tandem with tax withholding rights.

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