SEC Form 4 · accession 0001179110-16-024814
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Preston Hutchings
Officer — SVP & Chief Investment Officer
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 11:32 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 | May 13, 2016 | A | 7,310 | — | A | 32,881 | D | |
| Common Shares, $.0033 par value per shareF4,F1 | holding | — | — | — | 185,588 | I | By Company | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 200 | I | By children | |
| Series C Non-Cumulative Preferred Shares (non-convertible)F1 | holding | — | — | — | 4,000 | I | By Company |
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 | 7,310 | A | — | May 13, 2026 | Common Shares, $.0033 par value per share | 7,310 | 7,310 | D |
Explanation of responses
- F1The shares are held by a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.
- 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.
- F4Includes 10,588 common shares previously reported by the reporting person as directly owned. Such shares were contributed to a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children. See footnote 1 above.