CONSIDINE JILL M 4
4 · AMBAC FINANCIAL GROUP INC · Filed Apr 3, 2009
Insider Transaction Report
Form 4
CONSIDINE JILL M
Director
Transactions
- Award
Phantom Stock Units
2009-04-01$0.82/sh+61,280$50,250→ 117,140 total→ Common Stock (61,280 underlying)
Holdings
- 57,645
Common Stock
Footnotes (2)
- [F1]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F2]These Phantom Stock Units ("PSUs") 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 as a Presiding Director and 100% of her Meeting Fees earned during the fouth quarter of 2008. 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.