GREGORY W GRANT 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 9, 2006
Insider Transaction Report
Form 4
GREGORY W GRANT
Director
Transactions
- Award
Common Stock
2006-06-07$79.28/sh+16$1,268→ 18,337 total - Award
Phantom Stock Units
2006-06-07$79.28/sh+19$1,506→ 10,435 total→ Common Stock (19 underlying)
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.