|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Share Appreciation Right | $ 23.1 | 08/17/2016 | M | 3,000 | (4) | 05/09/2018 | Common Shares, $.0033 par value per share | 3,000 | $ 0 | 5,050 | D | ||||
| Share Appreciation Right | $ 19.293 | 08/17/2016 | M | 5,000 | (2) | 05/06/2019 | Common Shares, $.0033 par value per share | 5,000 | $ 0 | 1,800 | D | ||||
| Share Appreciation Right | $ 25.01 | 08/17/2016 | M | 5,000 | (3) | 05/05/2020 | Common Shares, $.0033 par value per share | 5,000 | $ 0 | 10,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Lyons Mark Donald C/O ARCH CAPITAL GROUP LTD. 100 PITTS BAY ROAD, GROUND FLOOR PEMBROKE, D0 HM 08 |
EVP,CFO & Treasurer | |||
| /s/ Mark D. Lyons | 08/18/2016 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | 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. |
| (2) | The share appreciation right became exercisable in three equal annual installments commencing May 6, 2010, subject to the applicable award agreement. |
| (3) | The share appreciation right became exercisable in three equal annual installments commencing May 5, 2011, subject to the applicable award agreement. |
| (4) | The share appreciation right became exercisable in three equal annual installments commencing May 9, 2009, subject to the applicable award agreement. |
| (5) | Represents a weighted average sales price; the sales prices range from $80.1360 to $80.26. 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. |
| (6) | In connection with the partial exercise of the three share appreciation rights awards as described in Table II, 4,545 common shares were withheld for taxes at a tax price of $79.84 per share. In addition, 3,643 common shares were disposed in satisfaction of the exercise price (see Table II). The reporting person received a net issuance of 4,812 common shares. |
| (7) | A portion of the proceeds will be used to satisfy state and federal tax obligations. |