SEC Form 5 · accession 0001179110-17-002011
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
Dec 31, 2016
Accepted (ET)
Feb 9, 2017 · 9:36 am EST
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 | holding | — | — | — | 191,522 | 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,F1 | $23.707 | Dec 31, 2016 | G | 8,698 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 8,698 | 94,060 | I |
| Share Appreciation RightF2,F1 | $23.707 | Dec 31, 2016 | G | 8,698 | A | — | May 11, 2017 | Common Shares, $.0033 par value per share | 8,698 | 40,940 | D |
| Share Appreciation RightF3,F4 | $19.293 | Dec 31, 2016 | G | 27,084 | D | — | May 6, 2019 | Common Shares, $.0033 par value per share | 27,084 | 0 | I |
| Share appreciation rightF3,F4 | $19.293 | Dec 31, 2015 | G | 27,084 | A | — | May 6, 2019 | Common Shares, $.0033 par value per share | 27,084 | 93,300 | D |
| Share appreciation rightF5,F6 | $33.913 | Dec 31, 2016 | G | 84,748 | D | — | May 6, 2021 | Common Shares, $.0033 par value per share | 84,748 | 15,317 | I |
| Share Appreciation RightF5,F6 | $33.913 | Dec 31, 2016 | G | 84,748 | A | — | May 6, 2021 | Common Shares, $.0033 par value per share | 84,748 | 84,748 | D |
Explanation of responses
- F1The share appreciation right (SARs) became exercisable in three equal annual installments with the first installment being exercisable on May 11, 2008 and the second and third installments being exercisable on May 11, 2009 and May 11, 2010.
- F2On December 31, 2016, 8,698 SARs were distributed from the 2010 GRAT. Such SARs were previously reported as indirectly beneficially held by the 2010 GRAT. Following this distribution, the 2010 GRAT indirectly owns 94,060 SARs and the reporting person directly owns 40,940 SARs.
- F3On December 31, 2016, 27,084 SARs were distributed from the 2014 GRAT. Such SARs were previously reported as indirectly beneficially held by the 2014 GRAT. Following such distribution, the 2014 GRAT no longer owns this SAR and the reporting person directly owns 93,300 SARs.
- F4The SARs became exercisable in three equal annual installments with the first installment being exercisable on May 6, 2010 and the second and third installments being exercisable on May 6, 2011 and May 6, 2012.
- F5On December 31, 2016, 84,748 SARs were distributed from the 2014 GRAT. Such SARs were previously reported as indirectly beneficially held by the 2014 GRAT. Following such distribution, the 2014 GRAT indirectly owns 15,317 SARs and the reporting person owns 84,748 SARs directly.
- F6The share appreciation right became exercisable in three equal annual installments with the first installment being exercisable on May 6, 2012 and the second and third installments being exercisable on May 6, 2013 and May 6, 2014.