SEC Form 4 · accession 0001179110-16-019788
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Grandisson
Officer — President & COO
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 5:22 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 18, 2016 | M | 211 | $18.7567 | A | 552,362 | D | |
| Common Shares, $.0033 par value per share | Feb 18, 2016 | S | 211 | $68.50 | D | 552,151 | D | |
| Common Shares $.0033 par value per share | Feb 19, 2016 | M | 29,789 | $18.7567 | A | 581,940 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 19, 2016 | S | 29,789 | $68.6241 | D | 552,151 | D | |
| Common Shares, $.0033 par value per share | Feb 19, 2016 | M | 30,000 | $18.7567 | A | 582,151 | D | |
| Common Shares, $.0033 par value per share | Feb 19, 2016 | F | 8,199 | $68.63 | D | 573,952 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 660 | 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)F2 | $18.7567 | Feb 18, 2016 | M | 211 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 211 | 59,789 | D |
| Stock Option (righ to buy)F2 | $18.7567 | Feb 19, 2016 | M | 29,789 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 29,789 | 30,000 | D |
| Stock Option (right to buy)F2 | $18.7567 | Feb 19, 2016 | M | 30,000 | D | — | Feb 23, 2016 | Common Shares, $.0033 par value per share | 30,000 | 0 | D |
Explanation of responses
- F1Represents a weighted average sales price; the sales prices range from $68.50 to $68.92. 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.
- F2The stock option became exercisable in three equal annual installments commencing February 23, 2009, subject to the applicable award agreement.
- F3On February 19, 2016, the reporting person exercised 30,000 stock options and, under the net settlement provisions of the applicable award agreement, 8,199 common shares were withheld in payment of the exercise price.