David Trick - 24 Feb 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Exec VP, CFO & Treasurer
Signature
William J. White, attorney-in-fact
Issuer symbol
AMBC
Transactions as of
24 Feb 2022
Net transactions value
-$166,360
Form type
4
Filing time
28 Feb 2022, 15:15:06 UTC
Previous filing
04 Jan 2022
Next filing
02 Mar 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 +22,710 +21% $0.000000 132,395 24 Feb 2022 Direct F1
transaction AMBC Common Stock Tax liability $166,360 -11,593 -8.8% $14.35 120,802 24 Feb 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired 22,710 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2019 Long Term Incentive Plan ("2019 LTIP") award, which had a three year performance period and vested on February 24, 2022.
F2 As part of the vesting and settlement of the 2019 LTIP award, 11,593 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.