SEC Form 5 · accession 0001179110-18-000865
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 31, 2017
Accepted (ET)
Jan 16, 2018 · 4:04 pm 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 share | holding | — | — | — | 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 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF1,F2 | $33.913 | Dec 31, 2017 | G | 15,317 | D | — | May 6, 2021 | Common Shares, $.0033 par value per share | 15,317 | 0 | I |
| Share Appreciation RightF1,F2 | $33.913 | Dec 31, 2017 | G | 15,317 | A | — | May 6, 2021 | Common Shares, $.0033 par value per share | 15,317 | 100,065 | D |
| Share Appreciation RightF3 | $37.05 | Dec 31, 2017 | G | 97,248 | D | Feb 29, 2012 | Feb 28, 2022 | Common Shares, $.0033 par value per share | 97,248 | 64,388 | I |
| Share Appreciation RightF3 | $37.05 | Dec 31, 2017 | G | 97,248 | A | Feb 29, 2012 | Feb 28, 2022 | Common Shares, $.0033 par value per share | 97,248 | 97,248 | D |
Explanation of responses
- F1On December 31, 2017, 15,317 SARs were distributed from the 2014 GRAT. Such SARs were previously reported as indirectly beneficially held by the 2014 GRAT. Following such distribution, the 2014 GRAT indirectly owns 0 and the reporting person owns 100,065 SARs directly.
- F2The share appreciation right became exercisable in three equal annual installments with the first installment being exercisable on May 6, 2012 and the second and third installments being exercisable on May 6, 2013 and May 6, 2014.
- F3On December 31, 2017, 97,248 SARs were distributed from the 2014 GRAT. Such SARs were previously reported as indirectly beneficially held by the 2014 GRAT. Following such distribution, the 2014 GRAT indirectly owns 64,388 and the reporting person owns 97,248 SARs directly.