AMBAC FINANCIAL GROUP INC 4

4 · AMBAC FINANCIAL GROUP INC · Filed Jan 31, 2007

Form 4

Period: 2007-01-29

DirectorPresident and CEO

Transactions

Award
Employee Stock Option (Right to Buy)
2007-01-29+110,000→ 110,000 total
Exercise: $87.27From: 2012-01-29Exp: 2014-01-29→ Common Stock (110,000 underlying)
Award
Common Stock
2007-01-29$87.27/sh+18,334$1,600,008→ 536,703 total
Award
Common Stock
2007-01-29$87.27/sh+4,727$412,525→ 518,369 total
Award
Common Stock
2007-01-29$65.45/sh+1,576$103,149→ 513,642 total

Holdings

Footnotes (5)

[F1]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended, in lieu of cash bonus compensation of equal value; the number of units was determined based on 75% of the average of the closing price of the Issuer's common stock on January 29, 2007.
[F2]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended, in lieu of cash bonus compensation of equal value; the number of units was determined based on the closing price of the Issuer's common stock on January 29, 2007.
[F3]Restricted Stock Units ("RSUs") were granted under the Issuer's 1997 Equity Plan, as amended.
[F4]Based on a plan statement as of December 31, 2006.
[F5]Exercisable as follows: 55,000 shares after the per share price of the Issuer's common stock is or exceeds $106.00 for 20 consecutive trading days on the New York Stock Exchange (NYSE). The remaining 55,000 shares will be exercisable after the per share price of the Issuer's common stock is or exceeds $125.00 for 20 consecutive trading days on the NYSE. If all or a portion of the shares have not become exercisable by January 29, 2012, then such unexercisable amount shall become exercisable on January 29, 2012.

Documents

2 files