GANDOLFO THOMAS J 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jan 26, 2005
Insider Transaction Report
Form 4
GANDOLFO THOMAS J
Senior Managing Director
Transactions
- Award
Common Stock
2005-01-24$79.30/sh+5,045$400,069→ 24,301 total - Award
Employee Stock Option (Right to Buy)
2005-01-24+35,000→ 35,000 totalExercise: $79.30From: 2011-01-24Exp: 2012-01-24→ Common Stock (35,000 underlying)
Holdings
- 902(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
- [F2]Based on a plan statement as of December 31, 2004.
- [F3]Exercisable as follows: 17,500 shares after the per share price of the Issuer's common stock is or exceeds $100.00 for 20 consecutive trading days on the New York Stock Exchange (NYSE). The remaining 17,500 shares will be exercisable after the per share price of the Issuer's common stock is or exceeds $120.00 for 20 consecutive trading days on the NYSE. If all or a portion of the shares have not become exercisable by January 24, 2011, then such unexercisable amount shall become exercisable on January 24, 2011.