SEC Form 4 · accession 0001179110-17-003240
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Preston Hutchings
Officer — SVP & Chief Investment Officer
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:23 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 shareF1 | Feb 23, 2017 | M | 15,750 | $23.707 | A | 201,338 | I | By Company |
| Common Shares, $.0033 par value per shareF3,F1 | Feb 23, 2017 | F | 3,949 | $94.56 | D | 197,389 | I | By Company |
| Common Shares, $.0033 par value per shareF4,F1 | Feb 27, 2017 | S | 8,000 | $93.91 | D | 189,389 | I | By Company |
| Common Shares, $.0033 par value per share | holding | — | — | — | 32,881 | D | ||
| Common Shares, $.0033 par value per share | holding | — | — | — | 200 | I | By children | |
| Series C Non-Cumulative Preferred Shares (non-convertible)F1 | holding | — | — | — | 4,000 | I | By Company |
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,F2 | $23.707 | Feb 23, 2017 | M | 15,750 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 15,750 | 0 | I |
Explanation of responses
- F1The shares are held by a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.
- F2The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 11, 2008 and the next two installments on May 11, 2009 and May 11, 2010, subject to the applicable award agreement.
- F3In connection with the exercise of a share appreciation right as described in Table II, 3,949 shares were disposed of in satisfaction of the exercise price; 11,801 net shares were issued.
- F4Represents a weighted average sales price; the sales prices range from $93.86 to $93.96. 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.