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ARCH CAPITAL GROUP LTD. — Director's Dealing 2016
Dec 14, 2016
30115_dirs_2016-12-14_23ca6a46-4edf-4427-bc3e-851ae7d37f99.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: 2016-12-13
Reporting Person: IORDANOU CONSTANTINE (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-15 | Common Shares, $.0033 par value per share | G | 308 | — | Disposed | 242622 | Direct |
| 2016-11-22 | Common Shares, $.0033 par value per share | G | 1100 | — | Disposed | 241522 | Direct |
| 2016-12-13 | Common Shares, $.0033 par value per share | S | 50000 | $87.2391 | Disposed | 191522 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-09-30 | Share Appreciation Right | $23.707 | G | 9688 | Disposed | 2017-05-11 | Common Shares, $.0033 par value per share (9688) | Indirect |
| 2016-09-30 | Share Appreciation Right | $23.707 | G | 9688 | Acquired | 2017-05-11 | Common Shares, $.0033 par value per share (9688) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares, $.0033 par value per share | 201676 | Indirect |
| Common Shares, $.0033 par value per share | 158514 | Indirect |
| Common Shares, $.0033 par value per share | 83333 | Indirect |
| Common Shares, $.0033 par value per share | 116613 | Indirect |
| Common Shares, $.0033 par value per share | 11616 | Indirect |
| Series C Non-Cumulative Preferred Shares (non-convertible) | 6000 | Direct |
| Series C Non-Cumulative Preferred Shares (non-convertible) | 1800 | Indirect |
Footnotes
F1: On September 30, 2016, 9,688 share appreciation rights were distributed from the 2010 GRAT. Such share appreciation rights were previously reported as indirectly beneficially held by the 2010 GRAT. Following such distribution, the reporting person owns 32,242 share appreciation rights directly and 102,758 indirectly by the 2010 GRAT.
F2: Represents a weighted average sales price; the sales prices range from $87.12 to $87.39. Upon request, the full sale information regarding the number of shares sold at each price increment will be provide to the Commission or to the security holder of the issuer.
F3: The shares were sold in order to satisfy state and federal income taxes.
F4: The share appreciation right became exercisable in three equal annual installments commencing May 11, 2008, subject to the applicable award agreement.