ARCH CAPITAL GROUP LTD. — Director's Dealing 2017

Feb 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2017-02-16

Reporting Person: IORDANOU CONSTANTINE (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-16	Common Shares, $.0033 par value per share	M	94060	$23.707	Acquired	252574	Indirect
2017-02-16	Common Shares, $.0033 par value per share	F	23712	$94.04	Disposed	228862	Indirect
2017-02-16	Common Shares, $.0033 par value per share	M	40940	$23.707	Acquired	232462	Direct
2017-02-16	Common Shares, $.0033 par value per share	F	10321	$94.04	Disposed	222141	Direct
2017-02-17	Common Shares, $.0033 par value per share	S	60000	$93.5771	Disposed	162141	Direct
2017-02-21	Common Shares, $.0033 par value per share	G	2490	—	Disposed	159651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-16	Share Appreciation Right	$23.707	M	94060	Disposed	2017-05-11	Common Shares, $.0033 par value per share (94060)	Indirect
2017-02-16	Share Appreciation Right	$23.707	M	40940	Disposed	2017-05-11	Common Shares, $.0033 par value per share (40940)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $.0033 par value per share	201676	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 February 16, 2017, the reporting person and the 2010 GRAT each exercised a portion of a share appreciation rights award. A total of 34,033 common shares were withheld in payment of the exercise price; 23,712 common shares were withheld in connection with the exercise by the 2010 GRAT and 10,321 common shares were withheld in connection with the exercise by the reporting person.

F2: Represents a weighted average sales price; the sales prices range from $93.48 to $93.98 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.