4//SEC Filing
REILLY MICHAEL FRANCIS 4
Accession 0000874501-21-000039
CIK 0000874501other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:05 PM ET
Size
14.0 KB
Accession
0000874501-21-000039
Insider Transaction Report
Form 4
REILLY MICHAEL FRANCIS
Senior Managing Director
Transactions
- Tax Payment
Common Stock
2021-03-01$17.39/sh−12,100$210,419→ 49,133 total - Exercise/Conversion
Restricted Stock Units
2021-03-02−2,025→ 4,905 total→ Common Stock (2,025 underlying) - Exercise/Conversion
Common Stock
2021-03-01+24,298→ 61,233 total - Exercise/Conversion
Common Stock
2021-03-02+2,025→ 51,158 total - Tax Payment
Common Stock
2021-03-02$16.77/sh−944$15,831→ 50,214 total
Footnotes (5)
- [F1]The reporting person acquired 24,298 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2018 Long Term Incentive Plan ("2018 LTIP") award, which had a three year performance period and vested on March 1, 2021.
- [F2]As part of the vesting and settlement of the 2018 LTIP, 12,100 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
- [F3]On March 2, 2021 there were 2,025 restricted stock units ("RSUs") that vested and settled and were converted into shares of common stock of the Company.
- [F4]Represents RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
- [F5]Each RSU represents a contingent right to receive one share of common stock of the Company.
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001562285
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:05 PM ET
- Size
- 14.0 KB