Claude LeBlanc - Feb 28, 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 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 03:36 PM
Previous filing
Feb 28, 2022
Next filing
Mar 9, 2022

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 Award $0 +77.3K +71.36% $0.00 186K Feb 28, 2022 Common Stock 77.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Ambac Financial Group, Inc.
F2 On February 28, 2022 the reporting person received a grant of 77,272 RSUs as part of their 2022 Long Term Incentive Plan award. The RSUs will vest in three equal installments on February 28, 2023, February 28, 2024, and February 28, 2025.