ARCH CAPITAL GROUP LTD. — Director's Dealing 2017

Mar 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2017-03-02

Reporting Person: Lyons Mark Donald (EVP,CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-02	Common Shares, $.0033 par value per share	M	1800	$19.293	Acquired	191967	Direct
2017-03-02	Common Shares, $.0033 par value per share	M	4900	$33.913	Acquired	196867	Direct
2017-03-02	Common Shares, $.0033 par value per share	M	5000	$38.58	Acquired	201867	Direct
2017-03-02	Common Shares, $.0033 par value per share	M	5000	$40.10	Acquired	206867	Direct
2017-03-02	Common Shares, $.0033 par value per share	M	12000	$53.53	Acquired	218867	Direct
2017-03-02	Common Shares, $.0033 par value per share	F	13076	$94.6	Disposed	205791	Direct
2017-03-02	Common Shares, $.0033 par value per share	S	5635	$95.0822	Disposed	200156	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-02	Share Appeciation Right	$19.2930	M	1800	Disposed	2019-05-06	Common Shares, $.0033 par value per share (1800)	Direct
2017-03-02	Share Appreciation Right	$33.913	M	4900	Disposed	2021-05-06	Common Shares, $.0033 par value per share (4900)	Direct
2017-03-02	Share Appeciation Right	$38.58	M	5000	Disposed	2022-05-09	Common Shares, $.0033 par value per share (5000)	Direct
2017-03-02	Share Appreciation Right	$40.10	M	5000	Disposed	2022-09-06	Common Shares, $.0033 par value per share (5000)	Direct
2017-03-02	Share Appreciation Right	$53.53	M	12000	Disposed	2023-05-09	Common Shares, $.0033 par value per share (12000)	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: The share appreciation right became exercisable in three equal annual installments commencing May 6, 2012, subject to the applicable award agreement.

F3: Represents a weighted average sales price; the sales prices range from $95.0621 to $95.17. 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.

F4: In connection with the exercise of the five share appreciation rights awards as described in Table II, 13,076 common shares were disposed in satisfaction of the exercise prices (see Table II). The reporting person received a net issuance of 15,624 common shares.

F5: A portion of the proceeds will be used to satisfy state and federal tax obligations.

F6: The share appreciation right became exercisable in three equal annual installments commencing May 9, 2014, subject to the applicable award agreement.

F7: The share appreciation right became exercisable in three equal annual installments commencing September 6, 2013, subject to the applicable award agreement.

F8: The share appreciation right became exercisable in three equal annual installments commencing May 6, 2010, subject to the applicable award agreement.

F9: The share appreciation right became exercisable in three equal annual installments commencing May 9, 2013, subject to the applicable award agreement.