SEC Form 4 · accession 0001179110-17-015577
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
Dec 14, 2017
Accepted (ET)
Dec 19, 2017 · 8:54 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 | Dec 14, 2017 | M | 39,753 | — | A | 147,078 | D | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 201,676 | I | By 2015 GRAT | |
| Common Shares, $.0033 par value per share | holding | — | — | — | 3,297 | I | By Limited Liability Company | |
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 1,704 | D | ||
| Series C Non-Cumulative Preferred Shares (non-convertible) | holding | — | — | — | 520 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | — | Dec 14, 2017 | M | 39,753 | D | — | — | Common Shares, $.0033 par value per share | 39,753 | 13,251 | D |
Explanation of responses
- F1The restricted share units converted into common shares on a one-for-one basis.
- F2Subject to the applicable award agreement, as amended, the restricted share units vested in four equal annual installments on February 20 in each of 2003, 2004, 2005 and 2006. The award agreement, as amended, provides that the restricted share units will be settled in common shares after the termination of Mr. Iordanou's employment or, if earlier, no later than December 31, 2017 as required by Section 457A of the Internal Revenue Code.