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ARCH CAPITAL GROUP LTD. — Director's Dealing 2014
May 14, 2014
30115_dirs_2014-05-14_e8f6d303-fc08-4e9e-a8b2-6d334532a7d3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2014-05-09
Reporting Person: McElroy David (Chairman & CEO Arch Insur Gr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-09 | Common Shares, $.0033 par value per share | F | 388 | $56.93 | Disposed | 64639 | Direct |
| 2014-05-13 | Common Shares, $.0033 par value per share | A | 10000 | — | Acquired | 74639 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-13 | Stock Appreciation Right | $57.27 | A | 10000 | Acquired | 2024-05-13 | Common Shares, $.0033 par value per share (10000) | Direct |
Footnotes
F1: 43,500 of such amount will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the applicable award agreement.
F2: Represents shares withheld to pay taxes due upn vesting of restricted stock.
F3: Subject to the applicable award agreement, represents restricted share units that vest in three equal annual installments on May 13th in each of 2015, 2016 and 2017; such award will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the award agreement.
F4: 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.