SEC Form 4 · accession 0001179110-15-011665
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Preston Hutchings
Officer — SVP & Chief Investment Officer
Period of report
Jul 31, 2015
Accepted (ET)
Aug 4, 2015 · 12:46 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 shareF1 | Jul 31, 2015 | M | 18,000 | $18.757 | A | 186,687 | I | By Company |
| Common Share, $.0033 par value per shareF5,F1 | Jul 31, 2015 | F | 4,731 | $71.36 | D | 181,956 | I | By Company |
| Common Shares, $.0033 par value per shareF4,F1 | Jul 31, 2015 | S | 3,500 | $71.74 | D | 178,456 | I | By Company |
| Common Shares, $.0033 par value per share | holding | — | — | — | 36,159 | D | ||
| Common Shares, $.0033 par value per share | holding | — | — | — | 200 | I | By children | |
| Series C Non-Cumulative Preferred Shares (non-convertible)F1 | holding | — | — | — | 4,000 | I | By Company |
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)F1,F3,F2 | $18.757 | Jul 31, 2015 | M | 18,000 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 18,000 | 0 | I |
Explanation of responses
- F1The shares are held by a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.
- F2The stock option became exercisable in three equal annual installments, with the first installment becoming exercisable on February 23, 2007 and the next two installments on February 23, 2008 and February 23, 2009, subject to the applicable award agreement.
- F3The stock option was previously transferred by the reporting person to Inchon Ltd. Inchon Ltd is a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.
- F4Represents a weighted average sale price; the sales prices range from $71.69 to 71.87. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission or to a security holder of the issuer.
- F5On July 31, 2015, Inchon Ltd. (see footnote 1) exercised 18,000 stock options and, under the net settlement provisions of the applicable stock option agreement, 4,731 common shares were withheld in payment of the exercise price.