SEC Form 4 · accession 0001179110-16-024812
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David McElroy
Officer — Chairman & CEO Arch Insur Gr
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 11:27 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 | 8,130 | — | A | 92,239 | 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 | 8,130 | A | — | May 13, 2026 | Common Shares, $.0033 par value per share | 8,130 | 8,130 | D |
Explanation of responses
- F160,850 of such amount will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the applicable award agreement.
- F2Subject to the applicable award agreement, represents restricted share units that vest in three equal annual installments on May 13th in each of 2017, 2018 and 2019; such award will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the 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.