SEC Form 4 · accession 0001179110-18-006627
ARCH CAPITAL GROUP LTD. · ACGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Grandisson
Officer — President & CEO
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 2:40 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 shareF2 | May 9, 2018 | M | 30,000 | $23.10 | A | 638,762 | I | See Footnote |
| Common Shares, $.0033 par value per shareF2 | May 9, 2018 | F | 8,731 | $79.38 | D | 630,031 | I | See Footnote |
| Common Shares, $.0033 par value per share | holding | — | — | — | 660 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightF1 | $23.10 | May 9, 2018 | M | 30,000 | D | — | May 9, 2018 | Common Shares, $.0033 par value per share | 30,000 | 0 | D |
Explanation of responses
- F1The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 9, 2009 and the next two installments on May 9, 2010 and May 9, 2011, subject to the applicable award agreement.
- F2The reporting person holds such common shares indirectly with his spouse.
- F3In connection with the exercise of the share appreciation rights award described in Table II, 8,731 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 21,269 common shares.