UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Ronald L. Bornhuetter
29 Old Stone Bridge Road
CT, Cos Cob 06807-1511
2. Issuer Name and Ticker or Trading Symbol
XL Capital Ltd (XL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
3/10/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security|2. |2A. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Trans-|Exec- |Trans | or Disposed of (D) | Securities |ect | Beneficial Ownership |
|action|ution |action| | Beneficially |(D)or | |
| | | | | | A/| | Owned Following |Indir | |
|Date | Date |Code|V| Amount | D | Price | Reported Trans(s)|ect(I)| |
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Class A Common Share|3/4/ 2| |G |V|2470 |D | |50282.26 |D | |
s |003 | | | | | | | | | |
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Class A Common Share| | | | | | | |15121 |I |401-K |
s | | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|310 |A | | |I |Daniel Gridley Trust |
s |003 | | | | | | | | | |
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Class A Common Share|3/6/ 2| |S | |320 |D |$67.95 |570 |I |Daniel Gridley Trust 1 |
s |003 | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|275 |A | | |I |Harley Griffith Trust |
s |003 | | | | | | | | | |
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Class A Common Share|3/6/ 2| |S | |170 |D |$67.95 |690 |I |Harley Griffith Trust 1 |
s |003 | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|275 |A | | |I |Tilly Griffith Trust |
s |003 | | | | | | | | | |
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Class A Common Share|3/6/ 2| |S | |165 |D |$67.95 |690 |I |Tilly Griffith Trust 1 |
s |003 | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|1240 |D | | |I |Wife's Account |
s |003 | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|1300 |A | |7531 |I |Wife's Account |
s |003 | | | | | | | | | |
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Class A Common Share| | | | | | | |1100 |I |Wife's IRA |
s | | | | | | | | | | |
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Class A Common Share|3/4/ 2| |G |V|310 |A | | |I |William Gridley Trust |
s |003 | | | | | | | | | |
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Class A Common Share|3/6/ 2| |S | |305 |D |$67.95 |705 |I |William Gridley Trust 1 |
s |003 | | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of |2.Con- |3. |3A. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Derivative |version |Trans- |Deemed|Trans-| rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
Security |or Exer |action | |action| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | |Execu-| | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| |ution | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | | A/|Exer-|ation| Title and Number | |Owned Follow|ire| |
|Secu- |(Month/|(Month| | | | D |cisa-|Date | of Shares | |ing Reported|ct | |
|rity |Day/ |/Day/ |Code|V| Amount | |ble | | | |Trans- |(I)| |
| |Year) |Year) | | | | | | | | |action(s) | | |
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Stock Options|$68.62 |3/7/ 20| |A | |5000 |A |3/7/2|3/7/2|Class A Comm|5000 |$68.62 |5000 |D | |
| |03 | | | | | |003 |013 |on Shares | | | | | |
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| | | | | | | | | | | | | | | |
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Explanation of Responses:
1. These shares held in trust for Mr. Bornhuetter's immediate family members
have inadvertantly not been previously reported
SIGNATURE OF REPORTING PERSON
Ronald L. Bornhuetter
Sarah Fox, attorney-in-fact for Mr. Ronald Bornhuetter