Marc Grandisson - May 5, 2021 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role: CEO, Director
Signature: /s/ Marc Grandisson
Stock symbol: ACGL
Transactions as of: May 5, 2021
Transactions value $: -$21
Form type: 4
Date filed: 5/7/2021, 04:20 PM
Next filing: Jan 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACGL	Common Shares, $.0011 par value per share	Options Exercise	$407K	+36K	+1.73%	$11.30	2.11M	May 5, 2021	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	-$407K	-10.1K	-0.48%	$40.19	2.1M	May 5, 2021	Direct	F2
transaction	ACGL	Common Shares, $.0011 par value per share	Options Exercise	$407K	+36K	+1.71%	$11.30	2.14M	May 6, 2021	Direct
transaction	ACGL	Common Shares, $.0011 par value per share	Tax liability	-$407K	-10.2K	-0.48%	$39.77	2.13M	May 6, 2021	Direct	F3
holding	ACGL	Common Shares, $.0011 par value per share						1.98K	May 5, 2021	By spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ACGL	Share Appreciation Right	Options Exercise	$0	-36K	-50%	$0.00	36K	May 5, 2021	Common Shares, $.0011 par value per share	36K	$11.30	Direct	F1
transaction	ACGL	Share Appreciation Right	Options Exercise	$0	-36K	-100%	$0.00^*	0	May 6, 2021	Common Shares, $.0011 par value per share	36K	$11.30	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The share appreciation right became exercisable in three equal annual installments, with the first installment becoming exercisable on May 6, 2012 and the next two installments on May 6, 2013 and May 6, 2014, subject to the applicable award agreement.
F2	In connection with the exercise of the share appreciation rights award described in Table II, 10,126 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 25,874 common shares.
F3	In connection with the exercise of the share appreciation rights award described in Table II, 10,233 common shares were disposed of in satisfaction of the exercise price. The reporting person received a net issuance of 25,767 common shares.