SEC Form 4 · accession 0001179110-16-018974
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Vollaro
Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 4:12 pm EST
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 share | Feb 9, 2016 | M | 120,000 | $18.757 | A | 120,000 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 9, 2016 | F | 33,163 | $67.87 | D | 86,837 | D | |
| Common Shares, $.0033 par value per shareF3 | Feb 9, 2016 | G | 86,837 | $0.00 | D | 0 | D | |
| Common Shares, $.0033 par value per shareF3,F4 | Feb 9, 2016 | G | 86,837 | $0.00 | A | 137,435 | I | by Trust |
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 | $18.757 | Feb 9, 2016 | M | 120,000 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 120,000 | 0 | D |
Explanation of responses
- F1On February 9, 2016, the reporting person exercised 120,000 stock options, and under the net settlement provisions of the applicable award agreement, 33,163 common shares were withheld in payment of the exercise price.
- F2The stock option became exercisable in three equal installments, with the first installment exercisable on February 23, 2007 and the second and third installments exercisable on February 23, 2008 and 2009, respectively.
- F3On February 9, 2016, the reporting person contributed such shares to a revocable trust for which he serves as trustee.
- F4Such common shares are held by a revocable trust for which the reporting person serves as trustee.