4//SEC Filing
CONSIDINE JILL M 4
Accession 0001194129-09-000002
CIK 0000874501other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 1:12 PM ET
Size
8.8 KB
Accession
0001194129-09-000002
Insider Transaction Report
Form 4
CONSIDINE JILL M
Director
Transactions
- Award
Phantom Stock Units
2009-05-05$1.38/sh+72,464$100,000→ 72,464 total→ Common Stock (72,464 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 1997 Non-Employee Directors Plan, as amended. The number of PSUs was determined based on the closing price of the Issuer's common stock on May 5, 2009. These PSUs will vest on May 5, 2010 and are to be settled 100% in cash. The Reporting Person has elected to settle such PSUs upon her retirement or resignation from the Issuer's Board of Directors.
Issuer
AMBAC FINANCIAL GROUP INC
CIK 0000874501
Entity typeother
Related Parties
1- filerCIK 0001194129
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 1:12 PM ET
- Size
- 8.8 KB