SEC Form 4 · accession 0001179110-16-024794
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
May 13, 2016
Accepted (ET)
May 17, 2016 · 11:02 am 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 shareF2,F1 | May 13, 2016 | A | 8,080 | — | A | 202,676 | D | |
| Common Shares, $.0033 par value per shareF1 | May 13, 2016 | M | 7,950 | $23.707 | A | 210,626 | D | |
| Common Shares, $.0033 par value per shareF1 | May 13, 2016 | M | 5,000 | $25.01 | A | 215,626 | D | |
| Common Shares, $.0033 par value per shareF1 | May 13, 2016 | M | 5,000 | $23.10 | A | 220,626 | D | |
| Common Shares, $.0033 par value per share | May 13, 2016 | F | 11,796 | $71.70 | D | 208,830 | D |
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)F3 | $71.70 | May 13, 2016 | A | 8,080 | A | — | May 13, 2026 | Common Shares, $.0033 par value per share | 8,080 | 8,080 | D |
| Share Appreciation RightF4 | $23.707 | May 13, 2016 | M | 7,950 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 7,950 | 0 | D |
| Share Appreciation RightF5 | $25.01 | May 13, 2016 | M | 5,000 | D | — | May 5, 2020 | Common Shares, $.0033 par value per share | 5,000 | 15,000 | D |
| Share Appreciation RightF6 | $23.10 | May 13, 2016 | M | 5,000 | D | — | May 9, 2018 | Common Shares, $.0033 par value per share | 5,000 | 8,050 | 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.
- F2Represents restricted shares that vest in three equal annual installments on May 13th in each of 2017, 2018 and 2019, subject to the applicable award agreement.
- F3The stock option will become exercisable in three equal annual installments, with the first installment becoming exercisable on May 13, 2017 and the next two installments on May 13, 2018 and May 13, 2019, subject to the applicable award agreement.
- F4The share appreciation right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.
- F5The share appreciation right became exercisable in three equal annual installments commencing May 5, 2011, subject to the applicable award agreement.
- F6The share appreciation right became exercisable in three equal annual installments commencing May 9, 2009, subject to the applicable award agreement.