SEC Form 4 · accession 0001179110-15-004804
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Donald Lyons
Officer — EVP,CFO & Treasurer
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000947484
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, $.0033 par value per shareF2 | Mar 10, 2015 | M | 10,000 | $19.883 | A | 230,017 | D | |
| Common Shares, $.0033 par value per shareF1,F2 | Mar 10, 2015 | S | 10,000 | $60.0085 | D | 220,017 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $19.883 | Mar 10, 2015 | M | 10,000 | D | — | Aug 2, 2016 | Common Shares, $0033 par value per share | 10,000 | 12,750 | D |
Explanation of responses
- F1Represents a weighted average sales price; the sales prices range from $59.99 to $60.06. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission or to the security holder of the issuer.
- F286,722 of such amount will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the award agreements.
- F3A portion of the proceeds will be used to satisfy state and federal tax obligations.
- F4The stock option became exercisable on July 31, 2009, subject to the applicable award agreement.