David Trick - 08 Mar 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
08 Mar 2022
Net transactions value
-$49,961
Form type
4
Filing time
09 Mar 2022, 15:07:42 UTC
Previous filing
01 Mar 2022
Next filing
04 Jan 2023
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 +7,618 +6.2% $0.000000 131,420 08 Mar 2022 Direct F1
transaction AMBC Common Stock Tax liability $49,961 -3,888 -3% $12.85 127,532 08 Mar 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 -7,618 -17% $0.000000 37,556 08 Mar 2022 Common Stock 7,618 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 the vesting and settlement of a portion of the reporting person's 2021 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.