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ARCH CAPITAL GROUP LTD. — Director's Dealing 2017
Sep 13, 2017
30115_dirs_2017-09-13_fb5a125f-37df-49a5-a3f1-2cee75849d89.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: 2017-09-11
Reporting Person: Lyons Mark Donald (EVP,CFO & Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-11 | Common Shares, $.0033 par value per share | M | 8000 | $56.12 | Acquired | 200916 | Direct |
| 2017-09-11 | Common Shares, $.0033 par value per share | F | 4633 | $96.91 | Disposed | 196283 | Direct |
| 2017-09-11 | Common Shares, $.0033 par value per share | M | 3400 | $62.505 | Acquired | 199683 | Direct |
| 2017-09-11 | Common Shares, $.0033 par value per share | S | 6600 | $97.3197 | Disposed | 193083 | Direct |
| 2017-09-12 | Common Shares, $.0033 par value per share | S | 3367 | $97.298 | Disposed | 189716 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-11 | Share Appreciation Right | $56.12 | M | 8000 | Disposed | 2024-02-28 | Common Shares, $.0033 par value per share (8000) | Direct |
| 2017-09-11 | Stock Option (right to buy) | $62.505 | M | 3400 | Disposed | 2025-05-13 | Common Shares, $.0033 par value per share (3400) | Direct |
Footnotes
F1: 86,722 of such amount will settle in Issuer's common shares upon the termination of the Reporting Person's employment, as specifically provided in the award agreements.
F2: Represents a weighted average sales price; the sales prices range from $97.2352 to $97.4094. 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: In connection with the exercise of the share appreciation rights award as described in Table II, 4,633 common shares were disposed in satisfaction of the exercise price. The reporting person received a net issuance of 3,367 common shares.
F4: The shares were sold in order to satisfy state and federal tax obligations.
F5: The Stock Option became exercisable in three equal annual installments commencing May 13, 2016, subject to the applicable award agreement.