Louis Petrillo - Nov 16, 2021 Form 4 Insider Report for ARCH CAPITAL GROUP LTD. (ACGL)

Role
Officer of Subsidiary
Signature
/s/ Louis T. Petrillo
Stock symbol
ACGL
Transactions as of
Nov 16, 2021
Transactions value $
-$1,135,986
Form type
4
Date filed
11/18/2021, 03:20 PM
Previous filing
May 20, 2021
Next filing
Jan 5, 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 $572K +40.2K +37.87% $14.22 146K Nov 16, 2021 Direct
transaction ACGL Common Shares, $.0011 par value per share Tax liability -$1.18M -27.6K -18.88% $42.69 119K Nov 16, 2021 Direct F2
transaction ACGL Common Shares, $.0011 par value per share Sale -$528K -12.6K -10.58% $42.00 106K Nov 18, 2021 Direct F3

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 -40.2K -100% $0.00* 0 Nov 16, 2021 Common Shares, $.0011 par value per share 40.2K $14.22 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; the first installment became exercisable on November 12, 2013 and the next two installments on November 12, 2014 and November 12, 2015, subject to the applicable award agreement.
F2 In connection with the exercise of the share appreciation rights award described in Table II, 27,633 common shares were disposed of in satisfaction of the exercise price and taxes. The reporting person received a net issuance of 12,567 common shares.
F3 Represents a weighted average sale price; the sales prices range from $42.00 to $42.02. 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.