ARCH CAPITAL GROUP LTD. — Director's Dealing 2014

May 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2014-05-13

Reporting Person: GRANDISSON MARC (Reinsur. Group Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-13	Common Shares, $.0033 par value per share	A	16000	—	Acquired	510524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-13	Stock Appreciation Right	$57.27	A	16000	Acquired	2024-05-13	Common Shares, $.0033 par value per share (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $.0033 par value per share	660	Indirect

Footnotes

F1: Represents restricted shares that vest in three equal annual installments on May 13th in each of 2015, 2016 and 2017, subject to the applicable award agreement.

F2: The stock appreciation right will become exercisable in three equal annual installments, with the first installment becoming exercisable on May 13, 2015 and the next two installments on May 13, 2016 and May 13, 2017, subject to the applicable award agreement.