JOAN M. LAMMTENNANT - 28 Feb 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Director
Signature
William J. White, attorney
Issuer symbol
AMBC
Transactions as of
28 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 15:07:58 UTC
Previous filing
23 Nov 2021
Next filing
05 Apr 2022
SEC
View on sec.gov

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 Award $0 +3,368 +7.4% $0.000000 49,069 28 Feb 2022 Common Stock 3,368 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company").
F2 RSU's granted on February 28, 2022 shall vest one year later on February 28, 2023. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.