SEC Form 4 · accession 0001179110-17-012237
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
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 12:22 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 | Sep 11, 2017 | M | 8,000 | $56.12 | A | 200,916 | D | |
| Common Shares, $.0033 par value per shareF1 | Sep 11, 2017 | F | 4,633 | $96.91 | D | 196,283 | D | |
| Common Shares, $.0033 par value per shareF1 | Sep 11, 2017 | M | 3,400 | $62.505 | A | 199,683 | D | |
| Common Shares, $.0033 par value per shareF2,F1 | Sep 11, 2017 | S | 6,600 | $97.3197 | D | 193,083 | D | |
| Common Shares, $.0033 par value per shareF1 | Sep 12, 2017 | S | 3,367 | $97.298 | D | 189,716 | 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 | Sep 11, 2017 | M | 8,000 | D | Feb 28, 2014 | Feb 28, 2024 | Common Shares, $.0033 par value per share | 8,000 | 14,272 | D |
| Stock Option (right to buy)F5 | $62.505 | Sep 11, 2017 | M | 3,400 | D | — | May 13, 2025 | Common Shares, $.0033 par value per share | 3,400 | 6,780 | 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 $97.2352 to $97.4094. 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 share appreciation rights award as described in Table II, 4,633 common shares were disposed in satisfaction of the exercise price. The reporting person received a net issuance of 3,367 common shares.
- F4The shares were sold in order to satisfy state and federal tax obligations.
- F5The Stock Option became exercisable in three equal annual installments commencing May 13, 2016, subject to the applicable award agreement.