SEC Form 4 · accession 0001179110-16-019054
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constantine Iordanou
Officer — Chairman & CEO · Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 12:38 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 10, 2016 | M | 119,927 | $18.757 | A | 362,952 | D | |
| Common Shares, $.0033 par value per shareF2 | Feb 10, 2016 | F | 32,657 | $68.88 | D | 330,295 | D | |
| Common Shares, $.0033 par value per share | Feb 10, 2016 | M | 112,240 | $18.757 | A | 232,240 | I | By 2015 GRAT |
| Common Shares, $.0033 par value per shareF3 | Feb 10, 2016 | F | 30,564 | $68.88 | D | 201,676 | I | By 2015 GRAT |
| Common Shares, $.0033 par value per share | Feb 10, 2016 | M | 217,833 | $18.757 | A | 217,833 | I | By 2010 GRAT |
| Common Shares, $.0033 par value per shareF4 | Feb 10, 2016 | F | 59,319 | $68.88 | D | 158,514 | I | By 2010 GRAT |
| 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)F1 | $18.757 | Feb 10, 2016 | M | 119,927 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 119,927 | 0 | D |
| Stock Option (right to buy)F1 | $18.757 | Feb 10, 2016 | M | 112,240 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 112,240 | 0 | I |
| Stock Option (right to buy)F1 | $18.757 | Feb 10, 2016 | M | 217,833 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 217,833 | 0 | I |
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 February 10, 2016, the reporting person exercised 119,927 stock options, and under the net settlement provisions of the applicable award agreement, 32,657 common shares were withheld in payment of the exercise price.
- F3On February 10, 2016, the 2015 GRAT exercised 112,240 stock options, and under the net settlement provisions of the applicable award agreement, 30,564 common shares were withheld in payment of the exercise price.
- F4On February 10, 2016, the 2010 GRAT exercised 217,833 stock options, and under the net settlement provisions of the applicable award agreement, 59,319 common shares were withheld in payment of the exercise price.