MCKINNON WILLIAM T 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jan 31, 2007
Insider Transaction Report
Form 4
MCKINNON WILLIAM T
Senior Managing Director
Transactions
- Award
Common Stock
2007-01-29$87.27/sh+3,725$325,081→ 24,226 total - Award
Common Stock
2007-01-29$87.27/sh+8,595$750,086→ 32,821 total - Award
Employee Stock Option (Right to Buy)
2007-01-29+13,000→ 13,000 totalExercise: $87.27From: 2012-01-29Exp: 2014-01-29→ Common Stock (13,000 underlying)
Holdings
- 6,711(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
- [F2]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
- [F3]Based on a plan statement as of December 31, 2006.
- [F4]Exercisable as follows: 6,500 shares after the per share price of the Issuer's common stock is or exceeds $106.00 for 20 consecutive trading days on the New York Stock Exchange (NYSE). The remaining 6,500 shares will be exercisable after the per share price of the Issuer's common stock is or exceeds $125.00 for 20 consecutive trading days on the NYSE. If all or a portion of the shares have not become exercisable by January 29, 2012, then such unexercisable amount shall become exercisable on January 29, 2012.