SEC Form 4 · accession 0001179110-16-019258
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
Feb 12, 2016
Accepted (ET)
Feb 16, 2016 · 3:08 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 shareF1 | Feb 12, 2016 | M | 10,100 | $23.707 | A | 216,861 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 12, 2012 | M | 8,000 | $23.10 | A | 224,861 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 12, 2016 | M | 11,000 | $19.293 | A | 235,861 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 12, 2016 | F | 17,065 | $68.40 | D | 218,796 | D | |
| Common Shares, $.0033 par value per shareF6,F1 | Feb 12, 2016 | S | 7,500 | $67.3964 | D | 211,296 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF3 | $23.707 | Feb 12, 2016 | M | 10,100 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 10,100 | 7,950 | D |
| Share Appreciation RightF4 | $23.10 | Feb 12, 2016 | M | 8,000 | D | — | May 9, 2018 | Common Shares, $.0033 par value per share | 8,000 | 13,050 | D |
| Share Appreciation RightF5 | $19.293 | Feb 12, 2016 | M | 11,000 | D | — | May 6, 2019 | Common Shares, $.0033 par value per share | 11,000 | 6,800 | D |
Explanation of responses
- F186,722 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.
- F2A portion of the proceeds will be used to satisfy state and federal tax obligations.
- F3The share appreciation right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.
- F4The share appreciation right became exercisable in three equal annual installments commencing May 9, 2019, subject to the applicable award agreement.
- F5The share appreciation right became exercisable in three equal annual installments commencing May 6, 2010, subject to the applicable award agreement.
- F6Represents a weighted average sales price; the sales prices range from $67.371 to $67.515. 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.