AMBAC FINANCIAL GROUP INC — Director's Dealing 2021

Mar 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMBAC FINANCIAL GROUP INC (AMBC)
CIK: 0000874501
Period of Report: 2021-03-04

Reporting Person: Smith R Sharon (Senior Managing Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	M	1921	—	Acquired	41409	Direct
2021-03-04	Common Stock	F	895	$16.93	Disposed	40514	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Deferred Share Units	$	M	1921	Disposed		Common Stock (1921.0)	Direct

Footnotes

F1: On March 4, 2021, there were 1,921 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").

F2: Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.

F3: Each DSU represents a contingent right to receive one share of the Company's common stock.