Statement of Changes in Beneficial Ownership (4)
21 May 2021 - 8:47AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
PETRILLO LOUIS T |
2. Issuer Name and Ticker or Trading Symbol
ARCH CAPITAL GROUP LTD.
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ACGL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Officer of Subsidiary |
(Last)
(First)
(Middle)
ARCH CAPITAL SERVICES LLC, 360 HAMILTON AVENUE, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/18/2021 |
(Street)
WHITE PLAINS, NY 10601
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares, $.0011 par value per share | 5/18/2021 | | M | | 36000 | A | $12.86 | 160187 | D | |
Common Shares, $.0011 par value per share | 5/18/2021 | | F(2) | | 23511 | D | $40.17 | 136676 | D | |
Common Shares, $.0011 par value per share | 5/20/2021 | | S | | 30360 | D | $40.2056 (3) | 106316 | D | |
Common Shares, $.0011 par value per share | 5/20/2021 | | G |
V
| 154 | D | $0 | 106162 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 | $12.86 | 5/18/2021 | | M | | | 36000 | (1) | 5/9/2022 | Common Shares, $.0011 par value per share | 36000 | $0 | 0 | D | |
Explanation of Responses: |
(1) | The share appreciation right became exercisable in three equal annual installments; the first installment became exercisable on May 9, 2013 and the next two installments on May 9, 2014 and May 9, 2015, subject to the applicable award agreement. |
(2) | In connection with the exercise of the share appreciation rights award described in Table II, 23,511 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 12,489 common shares. |
(3) | Represents a weighted average sale price; the sales prices range from $40.00 to $40.37. Upon request, the full information regarding the number of shares sold at each separate price within the range will be provided to the issuer, any security holder of the issuer or the staff of the Securities Exchange Commission. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
PETRILLO LOUIS T ARCH CAPITAL SERVICES LLC 360 HAMILTON AVENUE, SUITE 600 WHITE PLAINS, NY 10601 |
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| Officer of Subsidiary |
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Signatures
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/s/ Louis T. Petrillo | | 5/20/2021 |
**Signature of Reporting Person | Date |
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