ARCH CAPITAL GROUP LTD. — Director's Dealing 2019

May 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2019-05-15

Reporting Person: PETRILLO LOUIS T (Officer of Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-15	Common Shares, $.0011 par value per share	S	6643	$34.0016	Disposed	107850	Direct
2019-05-15	Common Shares, $.0011 par value per share	M	45000	$8.3367	Acquired	152850	Direct
2019-05-15	Common Shares, $.0011 par value per share	F	27661	$34.04	Disposed	125189	Direct
2019-05-16	Common Shares, $.0011 par value per share	S	17339	$34.4618	Disposed	107850	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-15	Share Appreciation Right	$8.3367	M	45000	Disposed	2020-05-05	Common Shares, $.0011 par value per share (45000)	Direct

Footnotes

F1: The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on May 5, 2011 and the next two installments on May 5, 2012 and May 5, 2013, subject to the applicable award agreement.

F2: In connection with the exercise of the share appreciation rights award described in Table II, 27,661 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 17,339 common shares.

F3: Represents a weighted sales price; the sales prices range from $34.44 to $34.49. 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.