SEC Form 4 · accession 0001179110-17-008981
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
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 4:32 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 shareF1 | Jun 9, 2017 | M | 10,000 | $56.12 | A | 205,316 | D | |
| Common Shares, $.0033 par value per shareF1 | Jun 9, 2017 | M | 5,000 | $57.27 | A | 210,316 | D | |
| Common Shares, $.0033 par value per shareF1 | Jun 9, 2017 | F | 9,134 | $92.80 | D | 201,182 | D | |
| Common Shares, $.0033 par value per shareF2,F1 | Jun 12, 2017 | S | 8,266 | $93.5281 | D | 192,916 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation Right | $56.12 | Jun 9, 2017 | M | 10,000 | D | Feb 28, 2014 | Feb 29, 2024 | Common Shares, $.0033 par value per share | 10,000 | 22,272 | D |
| Share Appreciation RightF5 | $57.27 | Jun 9, 2017 | M | 5,000 | D | — | May 13, 2024 | Common Shares, $.0033 par value per share | 5,000 | 6,000 | 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.
- F2Represents a weighted average sales price; the sales prices range from $93.502 to $93.575. 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.
- F3In connection with the exercise of the two share appreciation rights awards as described in Table II, 9,134 common shares were disposed in satisfaction of the exercise prices (see Table II). The reporting person received a net issuance of 5,866 common shares.
- F4All of the proceeds will be used to satisfy state and federal tax obligations.
- F5The share appreciation right became exercisable in three equal annual installments commencing May 13, 2015, subject to the applicable award agreement.