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AMBAC FINANCIAL GROUP INC — Director's Dealing 2021
Jan 4, 2021
32919_dirs_2021-01-04_4501bee6-7be6-4eec-9a44-762c3fd6c133.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMBAC FINANCIAL GROUP INC (AMBC)
CIK: 0000874501
Period of Report: 2021-01-02
Reporting Person: Smith R Sharon (Senior Managing Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-02 | Common Stock | M | 4752 | — | Acquired | 27407 | Direct |
| 2021-01-02 | Common Stock | F | 2602 | $15.38 | Disposed | 24805 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-02 | Restricted Stock Units | $ | M | 4752 | Disposed | Common Stock (4752.0) | Direct |
Footnotes
F1: Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.
F2: Represents the aggregate amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
F3: Each RSU represents a contingent right to receive one share of the common stock the Company.