SEC Form 4 · accession 0001179110-17-002647
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Grandisson
Officer — President & COO
Period of report
Feb 16, 2017
Accepted (ET)
Feb 17, 2017 · 3:51 pm 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 | Feb 16, 2017 | M | 31,350 | $23.7067 | A | 616,912 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 16, 2017 | F | 7,904 | $94.04 | D | 609,008 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 660 | 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 | $23.7067 | Feb 16, 2017 | M | 31,350 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 31,350 | 0 | D |
Explanation of responses
- F1In connection with the exercise of a share appreciation rights award as described in Table II, 7,904 shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 23,446 common shares.
- F2The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 11, 2008, subject to the applicable award agreement.