Claude LeBlanc - 28 Feb 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
28 Feb 2022
Transactions value $
$0
Form type
4
Filing time
02 Mar 2022, 15:36:03 UTC
Previous filing
28 Feb 2022
Next filing
09 Mar 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 +77,272 +71.36% $0 185,558 28 Feb 2022 Common Stock 77,272 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 common stock of Ambac Financial Group, Inc.
F2 On February 28, 2022 the reporting person received a grant of 77,272 RSUs as part of their 2022 Long Term Incentive Plan award. The RSUs will vest in three equal installments on February 28, 2023, February 28, 2024, and February 28, 2025.