AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 8, 2007
Insider Transaction Report
Form 4
CONSIDINE JILL M
Director
Transactions
- Award
Phantom Stock Units
2007-06-06$88.15/sh+12$1,058→ 6,182 total→ Common Stock (12 underlying) - Award
Phantom Stock Units
2007-06-06$88.15/sh+255$22,478→ 6,170 total→ Common Stock (255 underlying) - Award
Common Stock
2007-06-06$88.15/sh+17$1,499→ 13,783 total
Footnotes (4)
- [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]These Phantom Stock Units ("PSU") were acquired under the Issuer's Deferred Compensation Plan and represent 25% of the Reporting Person's Annual Retainer Fees for serving as a director and chair of a committee during the first quarter of 2007. These PSUs 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 date previously selected by the Reporting Person.
- [F4]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.