REILLY MICHAEL FRANCIS 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jan 4, 2021
Insider Transaction Report
Form 4
REILLY MICHAEL FRANCIS
Senior Managing Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-01-02−3,411→ 6,930 total→ Common Stock (3,411 underlying) - Tax Payment
Common Stock
2021-01-02$15.38/sh−1,095$16,841→ 36,935 total - Exercise/Conversion
Common Stock
2021-01-02+3,411→ 38,030 total
Footnotes (3)
- [F1]Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.
- [F2]Represents the aggregate 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.