AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Dec 23, 2013
Insider Transaction Report
Form 4
MANDEL VICTOR E
Director
Transactions
- Award
Restricted Stock Units
2013-12-20+18,179→ 18,179 total→ Common stock (18,179 underlying) - Award
Stock Option (Right to Buy)
2013-12-20+16,667→ 16,667 totalExercise: $20.63From: 2014-04-30Exp: 2020-12-20→ Common stock (16,667 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the" Company").
- [F2]The RSUs shall vest on April 30, 2014. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.
- [F3]The RSUs and stock options were received as an award under the Company's Incentive Compensation Plan.