AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed May 1, 2015
Insider Transaction Report
Form 4
MANDEL VICTOR E
Director
Transactions
- Award
Restricted Stock Units
2015-04-30+10,865→ 37,328 total→ Common Stock (10,865 underlying)
Footnotes (2)
- [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]RSUs granted on April 30, 2015 shall vest one year later on April 30, 2016. 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.