ASSURED GUARANTY LTD — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSURED GUARANTY LTD (AGO)
CIK: 0001273813
Period of Report: 2021-02-21

Reporting Person: Albert Howard (Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-21	Common Shares	F	4620	$39.50	Disposed	190954.4953	Direct
2021-02-21	Common Shares	M	16710	$0.00	Acquired	207664.4953	Direct
2021-02-21	Common Shares	F	8183	$39.50	Disposed	199481.4953	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-21	Performance Share Units	$	M	9296	Disposed		Common Shares (9296)	Direct

Footnotes

F1: Common Shares being withheld to pay tax liability.

F2: 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 (7/1/2019 to 12/31/2020), approximately 179.75% of the performance share units granted became vested. The number of Common Shares delivered equals the number of performance share units granted multiplied by approximately 179.75%.