ASSURED GUARANTY LTD — Director's Dealing 2018

Feb 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2018-02-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-04	Common Shares	F	36700	$35.19	Disposed	962014.0034	Direct
2018-02-04	Common Shares	M	175918	$0.00	Acquired	1137932.0034	Direct
2018-02-04	Common Shares	F	73050	$35.19	Disposed	1064882.0034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-04	Performance Share Units	$	M	87959	Disposed		Common Shares (87959)	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 69 shares purchased on 12/31/2017 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.

F3: Performance share units awarded pursuant to the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the "Plan"). Using the highest 40-day average stock price during the performance period (7/1/2016 to 12/31/2017), 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.