SEC Form 4 · accession 0001179110-16-028983
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis T Petrillo
Officer — Officer of Subsidiary
Period of report
Aug 22, 2016
Accepted (ET)
Aug 24, 2016 · 4:17 pm 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 | Aug 22, 2016 | M | 12,750 | $19.293 | A | 74,433 | D | |
| Common Shares, $.0033 par value per shareF1 | Aug 22, 2016 | F | 8,485 | — | D | 65,948 | D | |
| Common Shares, $.0033 par value per shareF2 | Aug 22, 2016 | S | 4,370 | $79.5544 | D | 61,578 | D | |
| Common Shares, $.0033 par value per share | Aug 23, 2016 | S | 4,265 | $79.2932 | D | 57,313 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF3 | $19.293 | Aug 22, 2016 | M | 12,750 | D | — | May 6, 2019 | Common Shares, $.0033 per share | 12,750 | 0 | D |
Explanation of responses
- F1In connection with the exercise of the share appreciation rights award as described in Table II, 5,390 common shares were withheld for taxes at a tax price of $79.46 per share. In addition, 3,095 common shares were disposed in satisfaction of the exercise price, $19.293 per share. The reporting person received a net issuance of 4,265 common shares.
- F2Represents a weighted average sales price; the sales prices range from $79.30 to $79.72. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission or to the security holder of the issuer.
- F3The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 6, 2010 and the next two installments on May 6, 2011 and May 6, 2012, subject to the applicable award agreement.