SEC Form 4 · accession 0001179110-17-002774
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
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 5:02 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 | 94,060 | $23.707 | A | 252,574 | I | By 2010 GRAT |
| Common Shares, $.0033 par value per shareF1 | Feb 16, 2017 | F | 23,712 | $94.04 | D | 228,862 | I | By 2010 GRAT |
| Common Shares, $.0033 par value per share | Feb 16, 2017 | M | 40,940 | $23.707 | A | 232,462 | D | |
| Common Shares, $.0033 par value per shareF1 | Feb 16, 2017 | F | 10,321 | $94.04 | D | 222,141 | D | |
| Common Shares, $.0033 par value per shareF2 | Feb 17, 2017 | S | 60,000 | $93.5771 | D | 162,141 | D | |
| Common Shares, $.0033 par value per share | Feb 21, 2017 | G | 2,490 | $0.00 | D | 159,651 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 201,676 | I | By 2015 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 RightF4 | $23.707 | Feb 16, 2017 | M | 94,060 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 94,060 | 0 | I |
| Share Appreciation RightF4 | $23.707 | Feb 16, 2017 | M | 40,940 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 40,940 | 0 | D |
Explanation of responses
- F1On February 16, 2017, the reporting person and the 2010 GRAT each exercised a portion of a share appreciation rights award. A total of 34,033 common shares were withheld in payment of the exercise price; 23,712 common shares were withheld in connection with the exercise by the 2010 GRAT and 10,321 common shares were withheld in connection with the exercise by the reporting person.
- F2Represents a weighted average sales price; the sales prices range from $93.48 to $93.98 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.