RENFIELD MILLER DOUGLAS C 4

4 · AMBAC FINANCIAL GROUP INC · Filed Jan 26, 2005

Form 4

Period: 2005-01-24

Executive Vice President

Transactions

Award
Common Stock
2005-01-24$79.30/sh+2,475$196,268→ 27,329 total
Award
Common Stock
2005-01-24$49.48/sh+825$40,821→ 24,854 total
Award
Employee Stock Option (Right to Buy)
2005-01-24+25,000→ 25,000 total
Exercise: $79.30From: 2011-01-24Exp: 2012-01-24→ Common Stock (25,000 underlying)
Award
Common Stock
2005-01-24$79.30/sh+3,153$250,033→ 30,482 total

Holdings

Footnotes (5)

[F1]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended, in lieu of cash bonus compensation of equal value; the number of units was determined based on 75% of the average of the high and low selling price of the Issuer's common stock on January 24, 2005.
[F2]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended, in lieu of cash bonus compensation of equal value; the number of units was determined based on of the average of the high and low selling price of the Issuer's common stock on January 24, 2005.
[F3]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
[F4]Based on a plan statement as of December 31, 2004.
[F5]Exercisable as follows: 12,500 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 12,500 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.

Documents

2 files