4//SEC Filing
ASSURED GUARANTY LTD 4
Accession 0001209191-17-014373
$AGOCIK 0001273813operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:37 PM ET
Size
8.7 KB
Accession
0001209191-17-014373
Insider Transaction Report
Form 4
Stern Bruce E.
Executive Officer,*
Transactions
- Award
Common Shares
2017-02-22+8,816→ 125,769.307 total - Award
Performance Share Units
2017-02-22+8,816→ 34,959 total→ Common Shares (8,816 underlying)
Footnotes (4)
- [F1]Restricted stock units awarded pursuant to the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the "Plan"). With limited exceptions, the restricted stock units vest on 2/22/2020, assuming that the holder remains employed at such time. Upon vesting, one Common Share will be delivered for each vested restricted stock unit.
- [F2]Performance share units awarded pursuant to the Plan. Each performance share unit represents a contingent right to receive one Common Share of the Company. With limited exceptions, the performance share units vest on 2/22/2020, if at all, at the end of the performance period (7/1/2018 to 12/31/2019), assuming that the holder remains employed at such time, based on the Company's Common Share price using the highest 40-day average stock price during the performance period as follows: 200% if the share price reaches $50; 100% if the share price reaches $46; and 50% if the share price reaches $42 (with interpolation between those prices). If the share price does not reach $42, none of the performance share units will vest.
- [F3]To the extent unvested performance share units do not become vested units at the end of the applicable performance period as described above, such unvested performance share units will expire at the end of such performance period. Upon vesting, one Common Share will be delivered for each vested performance share unit.
- [F4]Total includes performance units from other tranches with different performance measures, performance periods and vesting dates, but does not include 30,694 outstanding options of various tranches.
Documents
Issuer
ASSURED GUARANTY LTD
CIK 0001273813
Entity typeoperating
IncorporatedBermuda
Related Parties
1- filerCIK 0001273813
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 4:37 PM ET
- Size
- 8.7 KB