SEC Form 4 · accession 0001179110-17-006303
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D Vollaro
Director
Period of report
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 3:14 pm EDT
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 | Apr 27, 2017 | M | 37,650 | $23.707 | A | 37,650 | D | |
| Common Shares, $.0033 par value per shareF1 | Apr 27, 2017 | F | 9,125 | $97.82 | D | 28,525 | D | |
| Common Shares, $.0033 par value per shareF3 | Apr 28, 2017 | G | 28,525 | $0.00 | D | 0 | D | |
| Common Shares, $.0033 par value per shareF3,F4 | Apr 28, 2017 | G | 28,525 | $0.00 | A | 137,960 | I | by Trust |
| Common Shares, $.0033 par value per shareF5,F4 | Apr 28, 2017 | S | 2,911 | $97.2583 | D | 135,049 | I | by Trust |
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 | $23.707 | Apr 27, 2017 | M | 37,650 | D | — | May 11, 2017 | Common Shares, $.0033 par value per share | 37,650 | 0 | D |
Explanation of responses
- F1On April 27, 2017, the reporting person exercised 37,650 share appreciation rights; 9,125 common shares were withheld in payment of the exercise price.
- F2The share appreciation right became exercisable in three equal installments, with the first installment exercisable on May 11, 2008 and the second and third installments exercisable on May 11, 2009 and 2010, respectively.
- F3On April 28, 2016, the reporting person contributed such shares to a revocable trust for which he serves as trustee.
- F4Such common shares are held by a revocable trust for which the reporting person serves as trustee.
- F5Represents a weighted average sales price; the sales prices range from $97.25 to $97.30. 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.
- F6A portion of the proceeds will be used to satisfy federal and state income tax obligations.