CONSIDINE JILL M 4
4 · AMBAC FINANCIAL GROUP INC · Filed May 7, 2009
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.