JONES RALPH E III 4
4 · ARCH CAPITAL GROUP LTD · Filed Sep 24, 2004
Insider Transaction Report
Form 4
RALPH JONES E
Pres&CEO Arch Ins. Group Inc.
Transactions
- Award
Common Shares, $.01 par value per share
2004-09-22+6,000→ 59,671 total - Award
Stock Option (right to buy)
2004-09-22+40,000→ 40,000 totalExercise: $39.00Exp: 2014-09-22→ Common Shares, $.01 par value per share (40,000 underlying)
Footnotes (3)
- [F1]Represents restricted share units that vest in three equal annual installments on September 22 in each of 2004, 2005 and 2006, and will be settled in the Issuer's common shares upon the termination of the Reporting Person's employment.
- [F2]Includes 3,571 restricted share units previously reported on Table II and 50,000 restricted share units converted from an equal number of restricted shares with an identical vesting schedule. Such units will be settled in the Issuer's common shares upon the termination of the Reporting Person's employment.
- [F3]The stock option will become exercisable in three equal annual installments, with the first installment exercisable on September 22, 2004 and the next two installments on September 22, 2005 and September 22, 2006.