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: BUZEN DAVID A. (Head of Asset Management*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-21	Common Shares	F	5255	$39.50	Disposed	64908.772	Direct
2021-02-21	Common Shares	M	19282	$0.00	Acquired	84190.772	Direct
2021-02-21	Common Shares	F	9443	$39.50	Disposed	74747.772	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-21	Performance Share Units	$	M	10727	Disposed		Common Shares (10727)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	10143	Indirect

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%.

F3: These securities are held in a trust for the benefit of the reporting person's children and for which the reporting person's spouse serves as a trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.