ASSURED GUARANTY LTD — Director's Dealing 2017

Feb 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2017-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-05	Common Shares	F	37086	$40.01	Disposed	865246.5808	Direct
2017-02-05	Common Shares	M	143082	$0.00	Acquired	1008328.5808	Direct
2017-02-05	Common Shares	F	63444	$40.01	Disposed	944884.5808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-05	Performance Share Units	$	M	71541	Disposed		Common Shares (71541)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Common Shares being withheld to pay tax liability.

F2: Total includes 160 shares purchased on 12/31/2016 pursuant to the Assured Guaranty Ltd. Stock Purchase Plan which meets the requirements of Rule 16b-3.

F3: 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 (1/1/2014 to 12/31/2016), 200.00% of the performance share units granted became vested. The number of Common Shares delivered equals the number of performance share units granted multiplied by 200.00%.

F4: Total includes performance units from other tranches with different performance measures, performance periods and vesting dates, but does not include 584,910 outstanding options.