SEC Form 4 · accession 0001179110-18-006445
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Preston Hutchings
Officer — SVP & Chief Investment Officer
Period of report
May 7, 2018
Accepted (ET)
May 9, 2018 · 12:29 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 | May 7, 2018 | M | 18,000 | $23.10 | A | 210,989 | I | By Company |
| Common Shares, $.0033 par value per shareF1 | May 7, 2018 | F | 5,255 | $79.13 | D | 205,734 | I | By Company |
| Common Shares, $.0033 par value per share | holding | — | — | — | 23,311 | D | ||
| Common Shares, $.0033 par value per share | holding | — | — | — | 200 | I | By children |
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 | $23.10 | May 7, 2018 | M | 18,000 | D | — | May 9, 2018 | Common Shares, $.0033 par value per share | 18,000 | 0 | I |
Explanation of responses
- F1The shares are held by a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.
- F2The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 9, 2009 and the next two May 9, 2010 and May 9, 2011 subject to the applicable award agreement.
- F3In connection with the exercise of a share appreciation right as described in Table II, 5,255 shares were disposed of in satisfaction of the exercise price; 12,745 net shares were issued.