AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jul 21, 2005
Insider Transaction Report
Form 4
Leonard Sean T
SVP, Chief Financial Officer
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-07-19+6,614→ 0 totalExercise: $72.92Exp: 2012-07-19→ Common Stock (6,614 underlying) - Award
Common Stock
2005-07-19$72.92/sh+1,715$125,058→ 1,715 total
Footnotes (2)
- [F1]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
- [F2]Exercisable as follows: 50% of the award vests after the per share price of the common stock of Ambac Financial Group, Inc. meets or exceeds $92.00 for 20 consecutive trading days on the New York Stock Exchange. The remaining 50% of the award vests after the per share price of the common stock of Ambac Financial Group, Inc. meets or exceeds $110.00 for 20 consecutive trading days on the New York Stock Exchange. If all or a portion of the award has not vested by July 19, 2011, then such unvested amount shall vest on July 19, 2011.