ARCH CAPITAL GROUP LTD. — Director's Dealing 2020

May 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARCH CAPITAL GROUP LTD. (ACGL)
CIK: 0000947484
Period of Report: 2020-05-05

Reporting Person: GRANDISSON MARC (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-05	Common Shares, $.0011 par value per share	M	90000	$8.3367	Acquired	1905539	Direct
2020-05-05	Common Shares, $.0011 par value per share	F	31606	$23.74	Disposed	1873933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-05	Share Appreciation Right	$8.3367	M	90000	Acquired	2020-05-05	Common Shares, $.0011 par value per share (90000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $.0011 par value per share	1980	Indirect

Footnotes

F1: The share appreciation right became exercisable in three equal annual installments, with the first installment becoming 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, 31,606 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 58,394 common shares.