SEC Form 4 · accession 0001179110-16-024815
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constantine Iordanou
Officer — Chairman & CEO · Director
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 11:36 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 share | May 5, 2016 | G | 100 | $0.00 | D | 286,930 | D | |
| Common Shares, $.0033 par value per shareF1 | May 13, 2016 | A | 46,100 | — | A | 333,030 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 201,676 | I | By 2015 GRAT | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 158,514 | I | By 2010 GRAT | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 83,333 | I | By Limited Liability Company | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 116,613 | I | By Limited Liability Company | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 11,616 | I | By child | |
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 6,000 | D | ||
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 1,800 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF2,F3 | $23.707 | Mar 31, 2016 | G | 11,262 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 11,262 | 123,738 | I |
| Share Appreciation RightF2,F3 | $23.707 | Mar 31, 2016 | G | 11,262 | A | — | May 11, 2017 | Common Shares, $.0033 par value per share | 11,262 | 11,262 | D |
| Stock Option (right to buy)F4 | $71.70 | May 13, 2016 | A | 46,100 | A | — | May 13, 2026 | Common Shares, $.0033 par value per share | 46,100 | 46,100 | D |
Explanation of responses
- F1Represents 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.
- F2On March 31, 2016, 11,262 share appreciation rights were distributed from the 2010 GRAT. Such share appreciation rights were previously reported as indirectly beneficially held by the 2010 GRAT. Following such distribution, the reporting person owns 11,262 share appreciation rights directly and 123,738 indirectly by the 2010 GRAT.
- F3The Share Appreciation Right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.
- F4The 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.