0001209191-17-014351.txt : 20170224
0001209191-17-014351.hdr.sgml : 20170224
20170224163343
ACCESSION NUMBER: 0001209191-17-014351
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170222
FILED AS OF DATE: 20170224
DATE AS OF CHANGE: 20170224
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASSURED GUARANTY LTD
CENTRAL INDEX KEY: 0001273813
STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351]
IRS NUMBER: 000000000
STATE OF INCORPORATION: D0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 30 WOOD BOURNE AVE
CITY: HAMILTON BERMUDA
STATE: D0
ZIP: 0000
BUSINESS PHONE: 441-279-5700
MAIL ADDRESS:
STREET 1: 30 WOOD BOURNE AVE
CITY: HAMILTON BERMUDA
STATE: D0
ZIP: 0000
FORMER COMPANY:
FORMER CONFORMED NAME: AGR LTD
DATE OF NAME CHANGE: 20040122
FORMER COMPANY:
FORMER CONFORMED NAME: AGC HOLDINGS LTD
DATE OF NAME CHANGE: 20031218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Albert Howard
CENTRAL INDEX KEY: 0001539875
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32141
FILM NUMBER: 17637846
MAIL ADDRESS:
STREET 1: 31 WEST 52ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-02-22
0
0001273813
ASSURED GUARANTY LTD
AGO
0001539875
Albert Howard
1633 BROADWAY
NEW YORK
NY
10019
0
1
0
0
Chief Risk Officer
Common Shares
2017-02-22
4
A
0
7872
A
157314.4953
D
Performance Share Units
2017-02-22
4
A
0
7872
0.00
A
Common Shares
7872
32986
D
Restricted stock units awarded pursuant to the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the "Plan"). With limited exceptions, the restricted stock units vest on 2/22/2020, assuming that the holder remains employed at such time. Upon vesting, one Common Share will be delivered for each vested restricted stock unit.
Performance share units awarded pursuant to the Plan. Each performance share unit represents a contingent right to receive one Common Share of the Company. With limited exceptions, the performance share units vest on 2/22/2020, if at all, at the end of the performance period (7/1/2018 to 12/31/2019), assuming that the holder remains employed at such time, based on the Company's Common Share price using the highest 40-day average stock price during the performance period as follows: 200% if the share price reaches $50; 100% if the share price reaches $46; and 50% if the share price reaches $42 (with interpolation between those prices). If the share price does not reach $42, none of the performance share units will vest.
To the extent unvested performance share units do not become vested units at the end of the applicable performance period as described above, such unvested performance share units will expire at the end of such performance period. Upon vesting, one Common Share will be delivered for each vested performance share unit.
Total includes performance units from other tranches with different performance measures, performance periods and vesting dates, but does not include 42,297 outstanding options of various tranches.
/s/ By: Ling Chow, Attorney-in-fact
2017-02-24