REILLY MICHAEL FRANCIS 4
4 · AMBAC FINANCIAL GROUP INC · Filed May 20, 2020
Insider Transaction Report
Form 4
REILLY MICHAEL FRANCIS
Senior Managing Director
Transactions
- Tax Payment
Common Stock
2020-05-18$13.69/sh−791$10,829→ 34,619 total - Exercise/Conversion
Restricted Stock Units
2020-05-18−2,502→ 10,341 total→ Common Stock (2,502 underlying) - Exercise/Conversion
Common Stock
2020-05-18+2,502→ 35,410 total
Footnotes (3)
- [F1]On May 18, 2020 there were 2,502 restricted stock unit ("RSUs") that vested, settled and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").
- [F2]Represents the amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F3]Each RSU represents a contingent right to receive one share of the common stock the Company.