AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jan 31, 2007
Insider Transaction Report
Form 4
Leonard Sean T
SVP, Chief Financial Officer
Transactions
- Award
Common Stock
2007-01-29$87.27/sh+1,648$143,821→ 9,013 total - Award
Common Stock
2007-01-29$65.45/sh+549$35,932→ 7,365 total - Award
Common Stock
2007-01-29$87.27/sh+4,584$400,046→ 13,597 total - Award
Employee Stock Option (Right to Buy)
2007-01-29+20,500→ 20,500 totalExercise: $87.27From: 2012-01-29Exp: 2014-01-29→ Common Stock (20,500 underlying)
Footnotes (4)
- [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 closing price of the Issuer's common stock on January 29, 2007.
- [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 the closing price of the Issuer's common stock on January 29, 2007.
- [F3]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
- [F4]Exercisable as follows: 10,250 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 10,250 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.