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