SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ARCH CAPITAL GROUP LTD.

(Last) (First) (Middle)
100 PITTS BAY ROAD
WATERLOO HOUSE, GROUND FLOOR

(Street)
PEMBROKE D0 HM 08

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Watford Holdings Ltd. [ WTRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
8.5% Cumulative Redeemable Preference Shares 08/01/2019 D 458,015 D $25.197 141,985 I(1) See Footnote 1
Common Shares, $0.01 par value per share 02/16/2021 S 460,800 D $34.66 2,039,200 I(2) See Footnote 2
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Warrants (3) (3) (3) Common Shares, $0.01 par value per share 975,503 0(3) I See Footnote 3
1. Name and Address of Reporting Person*
ARCH CAPITAL GROUP LTD.

(Last) (First) (Middle)
100 PITTS BAY ROAD
WATERLOO HOUSE, GROUND FLOOR

(Street)
PEMBROKE D0 HM 08

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ARCH REINSURANCE LTD.

(Last) (First) (Middle)
100 PITTS BAY ROAD
WATERLOO HOUSE, 1ST FLOOR

(Street)
PEMBROKE D0 HM 08

(City) (State) (Zip)
Explanation of Responses:
1. The reported securities are owned by Arch Capital Group Ltd.'s wholly owned subsidiary, Gulf Reinsurance Limited, a Dubai International Financial Centre company.
2. The reported securities are owned directly by Arch Reinsurance Ltd., a Bermuda company and a wholly owned subsidiary of Arch Capital Group Ltd., a Bermuda company.
3. The warrants, which were owned directly by Arch Reinsurance Ltd., expired on March 31, 2020 with no value received.
/s/ Louis T. Petrillo, Attorney in fact 02/17/2021
/s/ Louis T. Petrillo, Attorney in fact 02/17/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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