SEC Form 4 · accession 0001179110-17-003941
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Donald Lyons
Officer — EVP,CFO & Treasurer
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 11:08 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 shareF1 | Mar 2, 2017 | M | 1,800 | $19.293 | A | 191,967 | D | |
| Common Shares, $.0033 par value per shareF1 | Mar 2, 2017 | M | 4,900 | $33.913 | A | 196,867 | D | |
| Common Shares, $.0033 par value per shareF1 | Mar 2, 2017 | M | 5,000 | $38.58 | A | 201,867 | D | |
| Common Shares, $.0033 par value per shareF1 | Mar 2, 2017 | M | 5,000 | $40.10 | A | 206,867 | D | |
| Common Shares, $.0033 par value per shareF1 | Mar 2, 2017 | M | 12,000 | $53.53 | A | 218,867 | D | |
| Common Shares, $.0033 par value per shareF1 | Mar 2, 2017 | F | 13,076 | $94.60 | D | 205,791 | D | |
| Common Shares, $.0033 par value per shareF3,F1 | Mar 2, 2017 | S | 5,635 | $95.0822 | D | 200,156 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appeciation RightF8 | $19.293 | Mar 2, 2017 | M | 1,800 | D | — | May 6, 2019 | Common Shares, $.0033 par value per share | 1,800 | 0 | D |
| Share Appreciation RightF2 | $33.913 | Mar 2, 2017 | M | 4,900 | D | — | May 6, 2021 | Common Shares, $.0033 par value per share | 4,900 | 0 | D |
| Share Appeciation RightF9 | $38.58 | Mar 2, 2017 | M | 5,000 | D | — | May 9, 2022 | Common Shares, $.0033 par value per share | 5,000 | 0 | D |
| Share Appreciation RightF7 | $40.10 | Mar 2, 2017 | M | 5,000 | D | — | Sep 6, 2022 | Common Shares, $.0033 par value per share | 5,000 | 0 | D |
| Share Appreciation RightF6 | $53.53 | Mar 2, 2017 | M | 12,000 | D | — | May 9, 2023 | Common Shares, $.0033 par value per share | 12,000 | 0 | D |
Explanation of responses
- F186,722 of such amount will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the award agreements.
- F2The share appreciation right became exercisable in three equal annual installments commencing May 6, 2012, subject to the applicable award agreement.
- F3Represents a weighted average sales price; the sales prices range from $95.0621 to $95.17. 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.
- F4In connection with the exercise of the five share appreciation rights awards as described in Table II, 13,076 common shares were disposed in satisfaction of the exercise prices (see Table II). The reporting person received a net issuance of 15,624 common shares.
- F5A portion of the proceeds will be used to satisfy state and federal tax obligations.
- F6The share appreciation right became exercisable in three equal annual installments commencing May 9, 2014, subject to the applicable award agreement.
- F7The share appreciation right became exercisable in three equal annual installments commencing September 6, 2013, subject to the applicable award agreement.
- F8The share appreciation right became exercisable in three equal annual installments commencing May 6, 2010, subject to the applicable award agreement.
- F9The share appreciation right became exercisable in three equal annual installments commencing May 9, 2013, subject to the applicable award agreement.