AMBAC FINANCIAL GROUP INC 4
4 · AMBAC FINANCIAL GROUP INC · Filed Oct 22, 2009
Insider Transaction Report
Form 4
Smith Robert Sorenson
Senior Managing Director
Transactions
- Award
Phantom Stock Units
2009-10-20$1.00/sh+40,000$40,000→ 40,000 totalFrom: 2012-10-20→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Each Phantom Stock Unit converts to common stock on a one to one basis.
- [F2]These Phantom Stock Units ("PSUs") were acquired under the Issuer's 1997 Employee Equity Plan, as amended. The number of PSUs was determined based on the closing price of the Issuer's common stock on July 15, 2009. These PSUs will vest on October 20, 2012 and are to be settled 100% in cash.