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ASSURED GUARANTY LTD — Director's Dealing 2017
Mar 6, 2017
10432_dirs_2017-03-06_dc4843ec-17a2-49d5-a200-08fa3ff1467f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2017-03-02
Reporting Person: MICHENER JAMES M (General Counsel and Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-02 | Common Shares | M | 30000 | $23.27 | Acquired | 343613.0005 | Direct |
| 2017-03-02 | Common Shares | F | 22838 | $41.16 | Disposed | 320775.0005 | Direct |
| 2017-03-02 | Common Shares | M | 40000 | $19.79 | Acquired | 360775.0005 | Direct |
| 2017-03-02 | Common Shares | F | 28597 | $41.16 | Disposed | 332178.0005 | Direct |
| 2017-03-02 | Common Shares | M | 8964 | $17.44 | Acquired | 341142.0005 | Direct |
| 2017-03-02 | Common Shares | F | 6133 | $41.16 | Disposed | 335009.0005 | Direct |
| 2017-03-02 | Common Shares | M | 10398 | $19.24 | Acquired | 345407.0005 | Direct |
| 2017-03-02 | Common Shares | F | 7362 | $41.16 | Disposed | 338045.0005 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-02 | Options to Acquire Common Shares | $23.27 | M | 30000 | Disposed | 2018-02-14 | Common Shares (30000) | Direct |
| 2017-03-02 | Options to Acquire Common Shares | $19.79 | M | 40000 | Disposed | 2020-02-24 | Common Shares (40000) | Direct |
| 2017-03-02 | Options to Acquire Common Shares | $17.44 | M | 8964 | Disposed | 2019-02-09 | Common Shares (8964) | Direct |
| 2017-03-02 | Options to Acquire Common Shares | $19.24 | M | 10398 | Disposed | 2020-02-07 | Common Shares (10398) | Direct |
Footnotes
F1: Represents the payment of the exercise price and withholding taxes of an employee stock option through the attestation of previously owned shares. 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.
F2: Reflects the amount of options that vested in accordance with the performance measures described in the Form 4 reporting the grant.
F3: Options vested as follows: 1/3 on February 14, 2009, 1/3 on February 14, 2010 and 1/3 on February 14, 2011.
F4: All options of this tranche have been exercised. The Reporting Person no longer holds any options of any tranche (after taking into account options exercised on 3/2/2017). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 50,779.
F5: Options vested as follows: 1/3 on February 24, 2011, 1/3 on February 24, 2012 and 1/3 on February 24, 2013.