SEC Form 4 · accession 0001179110-15-008564
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
May 21, 2015
Accepted (ET)
May 26, 2015 · 4:15 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 | May 21, 2015 | M | 4,750 | $19.883 | A | 234,947 | D | |
| Common Shares, $.0033 par value per shareF1,F2 | May 21, 2015 | S | 4,750 | $64.9381 | D | 230,197 | D | |
| Common Shares, $.0033 par value per shareF5,F2 | May 21, 2015 | S | 4,390 | $64.9427 | D | 225,807 | D | |
| Common Shares, $.0033 par value per shareF2 | May 21, 2015 | M | 7,000 | $23.707 | A | 232,807 | D | |
| Common Shares, $.0033 par value per shareF2 | May 21, 2015 | F | 4,847 | $64.96 | D | 227,960 | 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 | May 21, 2015 | M | 4,750 | D | — | Aug 2, 2016 | Common Shares, $0033 par value per share | 4,750 | 0 | D |
| Share Appreciation RightF6 | $23.707 | May 21, 2015 | M | 7,000 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 7,000 | 18,050 | D |
Explanation of responses
- F1Represents a weighted average sales price; the sales prices range from $64.9320 to $64.9560. 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.
- F5Represents a weighted average sales price; the sales prices range from $64.9320 to $64.9520. 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.
- F6The share appreciation right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.