ASSURED GUARANTY LTD — Director's Dealing 2016

Feb 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2016-02-07

Reporting Person: Stern Bruce E. (Executive Officer,*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-07	Common Shares	F	2092	$23.73	Disposed	89559.3073	Direct
2016-02-07	Common Shares	M	10594	$0.00	Acquired	100153.3073	Direct
2016-02-07	Common Shares	F	3917	$23.73	Disposed	97184.3073	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-07	Performance Share Units	$0.00	M	6200	Disposed		Common Shares (6200)	Direct

Footnotes

F1: Common Shares being withheld to pay tax liability.

F2: Performance share units awarded pursuant to the Assured Guaranty 2004 Long-Term Incentive Plan (the "Plan"). Using the highest 40-day average stock price during the performance period (1/1/13 to 12/31/2015), 170.88% of the performance share units granted became vested. The number of Common Shares delivered equals the number of performance share units granted multiplied by 170.88%.

F3: Total includes 948 shares purchased on 06/30/2015 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.

F4: Total includes performance share units from other tranches with different performance measures, performance periods and vesting dates, but does not include 30,694 outstanding options.