ASSURED GUARANTY LTD 4
4 · ASSURED GUARANTY LTD · Filed Jul 2, 2009
Insider Transaction Report
Form 4
McCarthy Sean
Pres. and COO of Subsidiary*
Transactions
- Award
Employee Stock Options
2009-07-01$12.66/sh+100,000$1,266,000→ 100,000 totalExercise: $12.66Exp: 2019-07-01→ Common Shares (100,000 underlying) - Discretionary Transaction
Common Shares
2009-07-01+130,000→ 130,000 total
Footnotes (2)
- [F1]This acquisition reflects an irrevocable election to have share units under a Financial Security Assurance Holdings, Ltd. supplemental employee retirement plan ("SERP") credited with share units ("Assured Share Units") of Assured Guaranty Ltd ("Assured"). The Assured Share Units represent the right to receive Assured Common Shares at the time of the reporting person's distribution of benefits from the SERP in accordance with the terms of the SERP and such Assured Share Units may not be transferred into an alternative investment account.
- [F2]Stock option award pursuant to Assured Guaranty Ltd. 2004 Long Term Incentive Plan. The stock options vest as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award and 1/3 on the third anniversary date of the award.