REILLY MICHAEL FRANCIS 4
4 · AMBAC FINANCIAL GROUP INC · Filed Mar 6, 2020
Insider Transaction Report
Form 4
REILLY MICHAEL FRANCIS
Senior Managing Director
Transactions
- Exercise/Conversion
Common Stock
2020-03-04+1,723→ 33,452 total - Tax Payment
Common Stock
2020-03-04$19.50/sh−544$10,608→ 32,908 total - Exercise/Conversion
Deferred Share Units
2020-03-04−1,723→ 1,723 total→ Common Stock (1,723 underlying) - Award
Restricted Stock Units
2020-03-04+4,487→ 12,843 total→ Common Stock (4,487 underlying)
Footnotes (5)
- [F1]On March 4, 2020, there were 1,723 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").
- [F2]Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each DSU represents a contingent right to receive one share of the Company's common stock.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- [F5]On March 4, 2020 the reporting person received a grant of 4,487 RSUs as part of his 2020 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing January 2, 2021, January 2, 2022, and January 2, 2023.