Arch Capital Group Ltd. - Jul 1, 2021 Form 4 Insider Report for Watford Holdings Ltd. (WTRE)

Role
Prior to the transaction described in Table 1, Arch Reinsurance Ltd. was a 10% owner.
Signature
/s/ Francois Morin
Stock symbol
WTRE
Transactions as of
Jul 1, 2021
Transactions value $
-$71,372,000
Form type
4
Date filed
7/6/2021, 04:52 PM
Next filing
Oct 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTRE Common Shares, $0.01 par value per share Other -$71.4M -2.04M -100% $35.00 0 Jul 1, 2021 See Footnote 2 F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Arch Capital Group Ltd. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On July 1, 2021, in connection with the acquisition of Watford Holdings Ltd. (Watford) by Greysbridge Holdings Ltd. (Greysbridge Holdings), Arch Reinsurance Ltd. (ARL) transferred the 2,039,200 common shares of Watford owned by ARL to Greysbridge Holdings in a transaction valued at $35.00 per share. Following consummation of the acquisition and certain related transactions, Watford is a wholly owned subsidiary of Greysbridge Holdings and Arch Capital Group Ltd. indirectly owns 40% of Greysbridge Holdings.
F2 The reported securities were owned directly by Arch Reinsurance Ltd., a wholly owned subsidiary of Arch Capital Group Ltd.

Remarks:

Prior to the transaction described in Table 1, Arch Reinsurance Ltd. was a 10% owner.