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
Robert S. Parker
5200 Watson Street N.W.
DC, Washington 20016
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
3/7/2003
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|3/5/ 2| |S | |800 |D |$69.06 | |D | |
s |003 | | | | | | | | | |
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Class A Common Share|3/5/ 2| |M | |1000 |A | | |D | |
s |003 | | | | | | | | | |
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Class A Common Share|3/5/ 2| |M | |4000 |A | | |D | |
s |003 | | | | | | | | | |
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Class A Common Share|3/5/ 2| |S | |4200 |D |$69.02 |7824.126 |D | |
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|21.68 |3/5/ 20| |M | |4000 |D |12/1/|12/1/|Class A Comm|4000 | |0 |D | |
| |03 | | | | | |1993 |2003 |on Shares | | | | | |
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Stock Options|18.75 |3/5/ 20| |M | |1000 |D |12/1/|12/01|Class A Comm|1000 | |0 |D | |
| |03 | | | | | |94 |/2004|on Shares | | | | | |
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| | | | | | | | | | | | | | | |
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Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Robert S. Parker