4//SEC Filing
DEROSA PAUL R 4
Accession 0000874501-10-000001
CIK 0000874501other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 11:49 AM ET
Size
8.7 KB
Accession
0000874501-10-000001
Insider Transaction Report
Form 4
DEROSA PAUL R
Director
Transactions
- Award
Phantom Stock Units
2010-01-04$0.81/sh+48,765$39,500→ 127,652 total→ Common Stock (48,765 underlying)
Holdings
- 78,488
Common Stock
Footnotes (2)
- [F1]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F2]These Phantom Stock Units ("PSUs") were acquired under the Issuer's Deferred Compensation Plan and represent 25% of the Reporting Person's Annual Retainer Fees for serving as a director and 100% of his Meeting Fees earned during the fourth quarter of 2009. These PSUs are to be settled 100% in cash upon the Reporting Person's retirement or resignation from the Issuer's Board of Directors or on an earlier date previously selected by the Reporting Person.
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001221300
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 11:49 AM ET
- Size
- 8.7 KB