Smith Robert Sorenson 4
4 · AMBAC FINANCIAL GROUP INC · Filed Jun 16, 2010
Insider Transaction Report
Form 4
Smith Robert Sorenson
Senior Managing Director
Transactions
- Award
Phantom Stock Units
2010-06-14$0.83/sh+289,593$240,333→ 289,593 totalFrom: 2013-06-14→ Common Stock (289,593 underlying)
Footnotes (2)
- [F1]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F2]These Phantom Stock Units ("PSUs") were acquired under the Issuer's 1997 Employee Equity Plan, as amended. The number of PSUs was determined based on the closing price of the Issuer's common stock on June 14, 2010. These PSUs will vest on June 14, 2013 and are to be settled 100% in cash.