SEC Form 4 · accession 0001179110-16-029144
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
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 3:28 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 shareF2 | Aug 29, 2016 | S | 50,000 | $79.5031 | D | 243,030 | D | |
| Common Shares, $.0033 par value per share | Aug 31, 2016 | G | 100 | $0.00 | D | 242,930 | 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 RightF1,F4 | $23.707 | Jun 30, 2016 | G | 11,292 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 11,292 | 112,446 | I |
| Share Appreciation RightF1,F4 | $23.707 | Jun 30, 2016 | G | 11,292 | A | — | May 11, 2017 | Common Shares, $.0033 par value per share | 11,292 | 22,554 | D |
Explanation of responses
- F1On June 30, 2016, 11,292 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 22,554 share appreciation rights directly and 112,446 indirectly by the 2010 GRAT.
- F2Represents a weighted average sales price; the sales prices range from $79.405 to $79.69. Upon request, the full sale information regarding the number of shares sold at each price increment will be provide to the Commission or to the security holder of the issuer.
- F3The shares were sold in order to satisfy state and federal income taxes.
- F4The share appreciation right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.