Claude LeBlanc - Feb 24, 2022 Form 4 Insider Report for AMBAC FINANCIAL GROUP INC (AMBC)

Role
Chief Executive Officer, Director
Signature
William J. White, attoney-in-fact
Stock symbol
AMBC
Transactions as of
Feb 24, 2022
Transactions value $
-$944,130
Form type
4
Date filed
2/28/2022, 03:11 PM
Previous filing
Jan 4, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMBC Common Stock Options Exercise $0 +129K +39.57% $0.00 455K Feb 24, 2022 Direct F1
transaction AMBC Common Stock Tax liability -$944K -65.8K -14.45% $14.35 390K Feb 24, 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 129,085 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, 65,793 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.