AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 8, 2007
Insider Transaction Report
Form 4
GREGORY W GRANT
Director
Transactions
- Award
Common Stock
2007-06-06$88.15/sh+24$2,116→ 25,018 total - Award
Phantom Stock Unit
2007-06-06$88.15/sh+21$1,851→ 10,749 total→ Common Stock (21 underlying) - Award
Phantom Stock Unit
2007-06-06$88.15/sh+227$20,010→ 10,728 total→ Common Stock (227 underlying)
Footnotes (4)
- [F1]Represents dividends on Director Stock Units ("DSUs") 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 DSUs.
- [F2]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F3]These Phantom Stock Units ("PSU") 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 during the first quarter of 2007. 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.
- [F4]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 dated previously selected by the Reporting Person.