AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 8, 2007
Insider Transaction Report
Form 4
CALLEN MICHAEL A
Chairman
Transactions
- Award
Common Stock
2007-06-06$88.15/sh+25$2,204→ 20,806 total - Award
Phantom Stock Unit
2007-06-06$88.15/sh+28$2,468→ 13,531 total→ Common Stock (28 underlying)
Footnotes (3)
- [F1]Represents dividends on Director Stock Units ("DSUs") granted to the Reporting Person under the Issuer's 1997 Non-Employee Directors Equity Plan, as amended, which dividends are paid in the form of additional DSUs.
- [F2]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F3]Represents dividends on Phantom Stock Units acquired under the Issuer's Deferred Compensation Plan and are to be settled 100% in cash upon the Reporting Person's retirement or resignation from the Issuer's Board of Directors or on an earlier dated previously selected by the Reporting Person.