SEC Form 4 · accession 0001179110-15-007764
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constantine Iordanou
Officer — Chairman, President & CEO · Director
Period of report
May 13, 2015
Accepted (ET)
May 14, 2015 · 12:09 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 shareF3 | May 13, 2015 | A | 58,110 | — | A | 365,348 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 83,333 | I | By Limited Liability Company | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 116,613 | I | By Limited Liability Company | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 11,616 | I | By child | |
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 6,000 | D | ||
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 1,800 | I | By spouse |
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)F2,F1 | $18.757 | Mar 31, 2015 | G | 12,256 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 249,332 | 249,332 | I |
| Stock Option (right to buy)F2,F1 | $18.757 | Mar 31, 2015 | G | 12,256 | A | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 12,256 | 141,938 | D |
| Stock Option (right to buy)F4 | $62.51 | May 13, 2015 | A | 58,110 | A | — | May 13, 2025 | Common Shares, $.0033 par value per share | 58,110 | 58,110 | D |
Explanation of responses
- F1The stock option became exercisable in three equal annual installments with the first installment being exercisable on February 23, 2007 and the second and third installments being exercisable on February 23, 2008 and February 23, 2009.
- F2On March 31, 2015, 12,256 stock options were distributed from the 2010 GRAT. Such options were previously reported as indirectly beneficially held by the 2010 GRAT. Following such distribution, the reporting person owns 141,938 stock options directly and 249,332 stock options indirectly by the GRAT.
- F3Represents restricted shares that vest in three equal annual installments on May 13th in each of 2016, 2017 and 2018, subject to the applicable award agreement.
- F4The stock option will become exercisable in three equal annual installments, with the first installment becoming exercisable on May 13, 2016 and the next two installments on May 13, 2017 and May 13, 2018, subject to the applicable award agreement.