AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 3, 2005
Insider Transaction Report
Form 4
GREGORY W GRANT
Director
Transactions
- Award
Phantom Stock Units
2005-06-01$71.89/sh+18$1,294→ 10,351 total→ Common Stock (18 underlying) - Award
Common Stock
2005-06-01$71.89/sh+15$1,078→ 14,529 total
Footnotes (3)
- [F1]Represents dividends on Restricted Stock Units ("RSUs") 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 RSUs.
- [F2]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 date previously selected by the Reporting Person.
- [F3]Each Phantom Stock Unit converts to common stock on a one to one basis.