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ARCH CAPITAL GROUP LTD. — Director's Dealing 2016
Aug 24, 2016
30115_dirs_2016-08-24_dc0a05b1-2af4-4149-a041-46576a7137bd.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: 2016-08-22
Reporting Person: PETRILLO LOUIS T (Officer of Subsidiary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-22 | Common Shares, $.0033 par value per share | M | 12750 | $19.293 | Acquired | 74433 | Direct |
| 2016-08-22 | Common Shares, $.0033 par value per share | F | 8485 | — | Disposed | 65948 | Direct |
| 2016-08-22 | Common Shares, $.0033 par value per share | S | 4370 | $79.5544 | Disposed | 61578 | Direct |
| 2016-08-23 | Common Shares, $.0033 par value per share | S | 4265 | $79.2932 | Disposed | 57313 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-22 | Share Appreciation Right | $19.293 | M | 12750 | Disposed | 2019-05-06 | Common Shares, $.0033 per share (12750) | Direct |
Footnotes
F1: In connection with the exercise of the share appreciation rights award as described in Table II, 5,390 common shares were withheld for taxes at a tax price of $79.46 per share. In addition, 3,095 common shares were disposed in satisfaction of the exercise price, $19.293 per share. The reporting person received a net issuance of 4,265 common shares.
F2: Represents a weighted average sales price; the sales prices range from $79.30 to $79.72. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission or to the security holder of the issuer.
F3: The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 6, 2010 and the next two installments on May 6, 2011 and May 6, 2012, subject to the applicable award agreement.