ARCH CAPITAL GROUP LTD. — Director's Dealing 2017

Feb 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2017-02-23

Reporting Person: Hutchings W Preston (SVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-23	Common Shares, $.0033 par value per share	M	15750	$23.707	Acquired	201338	Indirect
2017-02-23	Common Shares, $.0033 par value per share	F	3949	$94.56	Disposed	197389	Indirect
2017-02-27	Common Shares, $.0033 par value per share	S	8000	$93.91	Disposed	189389	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-23	Share Appreciation Right	$23.707	M	15750	Disposed	2017-05-11	Common Shares, $.0033 par value per share (15750)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $.0033 par value per share	32881	Direct
Common Shares, $.0033 par value per share	200	Indirect
Series C Non-Cumulative Preferred Shares (non-convertible)	4000	Indirect

Footnotes

F1: The shares are held by a company which is owned by a family trust; beneficiaries of the family trust are the reporting person, his spouse and their children.

F2: The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 11, 2008 and the next two installments on May 11, 2009 and May 11, 2010, subject to the applicable award agreement.

F3: In connection with the exercise of a share appreciation right as described in Table II, 3,949 shares were disposed of in satisfaction of the exercise price; 11,801 net shares were issued.

F4: Represents a weighted average sales price; the sales prices range from $93.86 to $93.96. 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.