0000874501-20-000036.txt : 20200304 0000874501-20-000036.hdr.sgml : 20200304 20200304160726 ACCESSION NUMBER: 0000874501-20-000036 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200302 FILED AS OF DATE: 20200304 DATE AS OF CHANGE: 20200304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BARRANCO DAVID CENTRAL INDEX KEY: 0001562313 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10777 FILM NUMBER: 20687196 MAIL ADDRESS: STREET 1: C/O AMBAC FINANCIAL GROUP INC STREET 2: ONE STATE STREET PLAZA CITY: NEW YORK STATE: NY ZIP: 10004 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AMBAC FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000874501 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 133621676 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE WORLD TRADE CENTER CITY: NEW YORK STATE: NY ZIP: 10007 BUSINESS PHONE: 2126587470 MAIL ADDRESS: STREET 1: ONE WORLD TRADE CENTER CITY: NEW YORK STATE: NY ZIP: 10007 FORMER COMPANY: FORMER CONFORMED NAME: AMBAC INC /DE/ DATE OF NAME CHANGE: 19930328 4 1 wf-form4_158335602819733.xml FORM 4 X0306 4 2020-03-02 0 0000874501 AMBAC FINANCIAL GROUP INC AMBC 0001562313 BARRANCO DAVID AMBAC FINANCIAL GROUP, INC. ONE WORLD TRADE CENTER, 41ST FLOOR NEW YORK NY 10007 0 1 0 0 Senior Managing Director Common Stock 2020-03-02 4 M 0 12691 0 A 33171 D Common Stock 2020-03-02 4 F 0 4288 19.85 D 28883 D Common Stock 2020-03-02 4 M 0 2730 0 A 31613 D Common Stock 2020-03-02 4 F 0 863 19.85 D 30750 D Common Stock 2020-03-02 4 M 0 2209 0 A 32959 D Common Stock 2020-03-02 4 F 0 750 19.85 D 32209 D Deferred Share Units 2020-03-02 4 M 0 2730 0 D Common Stock 2730.0 4323 D Restricted Stock Units 2020-03-02 4 M 0 2209 0 D Common Stock 2209.0 11158 D The reporting person acquired 12,691 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of the reporting person's 2017 Long Term Incentive Plan ("2017 LTIP") award, which had a three year performance period and vested on March 2, 2020. As part of the vesting and settlement of the 2017 LTIP, 4,288 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. On March 2, 2020 there were 2,730 deferred share units ("DSUs") that settled, and were converted into shares of common stock of the Company. Represents DSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. On March 2, 2020 there were 2,209 restricted stock units ("RSUs") that settled, and were converted into shares of common stock of the Company. Represents RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations. Each DSU represents a contingent right to receive one share of common stock of the Company. Each RSU represents a contingent right to receive one share of common stock of the Company. William J. White, attorney-in-fact 2020-03-04