SEC Form 4 · accession 0001179110-17-006974
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
May 8, 2017
Accepted (ET)
May 10, 2017 · 11:32 am 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 shareF1 | May 8, 2017 | A | 47,500 | — | A | 207,151 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 201,676 | I | By 2015 GRAT | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 228,862 | I | By 2010 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 RightF2,F3 | $19.293 | Mar 31, 2017 | G | 6,962 | D | — | May 6, 2019 | Common Shares, $.0033 par value per share | 6,962 | 14,488 | I |
| Share Appreciation RightF2,F3 | $19.293 | Mar 31, 2017 | G | 6,962 | A | — | May 6, 2019 | Common Shares, $.0033 par value per share | 6,962 | 100,262 | D |
| Stock Option (right to buy)F4 | $96.26 | May 8, 2017 | A | 47,500 | A | — | May 8, 2027 | Common Shares, $.0033 par value per share | 47,500 | 47,500 | D |
Explanation of responses
- F1Represents restricted share units that vest in three equal annual installments on May 8th in each of 2018, 2019 and 2020, subject to the applicable award agreement.
- F2On March 31, 2017, 6,962 share appreciation rights were distributed from the 2010 GRAT. Such share appreciation rights were previously reported as indirectly beneficially held by the 2010 GRAT. Following such distribution, the reporting person owns 100,262 share appreciation rights directly and 14,488 indirectly by the 2010 GRAT.
- F3The Share Appreciation Right became exercisable in three equal annual installments commencing May 6, 2009, subject to the applicable award agreement.
- F4The stock option will become exercisable in three equal annual installments, with the first installment becoming exercisable on May 8, 2018 and the next two installments on May 8, 2019 and May 8, 2020, subject to the applicable award agreement.