Claude LeBlanc - 02 Jan 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Chief Executive Officer, Director
Signature
William J. White, attoney-in-fact
Issuer symbol
AMBC
Transactions as of
02 Jan 2022
Transactions value $
$-261,134
Form type
4
Filing time
04 Jan 2022, 15:10:25 UTC
Previous filing
12 Nov 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBC Common Stock Options Exercise $0 +28,552 +9.09% $0.000000 342,498 02 Jan 2022 Direct F1
transaction AMBC Common Stock Tax liability $-261,134 -16,270 -4.75% $16.05 326,228 02 Jan 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMBC Restricted Stock Units Options Exercise $0 -28,552 -20.9% $0.000000 108,286 02 Jan 2022 Common Stock 28,552 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2019 and 2020 Long Term Incentive Plan award.
F2 Represents the aggregate amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
F3 Each RSU represents a contingent right to receive one share of the common stock the Company.