ASSURED GUARANTY LTD — Director's Dealing 2016

Nov 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2016-11-07

Reporting Person: FREDERICO DOMINIC (Director, President/CEO/Deputy Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-07	Common Shares	M	166667	$26.70	Acquired	1349696.5808	Direct
2016-11-07	Common Shares	F	151192	$32.10	Disposed	1199303.5808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Options to Acquire Common Shares	$26.70	M	166667	Disposed	2017-02-08	Common Shares (166667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	9400	Indirect
Common Shares	200	Indirect
Common Shares	345000	Indirect

Footnotes

F1: Represents the payment of the exercise price and withholding taxes of an employee stock option through the attestation of previously owned shares.

F2: The price is equal to the fair market value of the Common Shares on the date of exercise and is used to determine the value of the shares delivered to the Company by attestation of previously owned shares in payment of the exercise price and withholding taxes.

F3: Total includes 799 shares purchased on 06/30/2016 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.

F4: Options vested as follows: 1/3 on 02/08/2008, 1/3 on 02/08/2009 and 1/3 on 02/08/2010.

F5: All options of this tranche have been exercised. The total number of options from other tranches with different exercise prices, vesting terms and expiration dates is 584,910 (after taking into account 166,667 options exercised on 11/7/2016). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 262,465.