0000874501-20-000060.txt : 20200306
0000874501-20-000060.hdr.sgml : 20200306
20200306162223
ACCESSION NUMBER: 0000874501-20-000060
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200304
FILED AS OF DATE: 20200306
DATE AS OF CHANGE: 20200306
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith R Sharon
CENTRAL INDEX KEY: 0001707461
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 20695042
MAIL ADDRESS:
STREET 1: 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_158352972359740.xml
FORM 4
X0306
4
2020-03-04
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001707461
Smith R Sharon
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK
NY
10007
0
1
0
0
Senior Managing Director
Common Stock
2020-03-04
4
M
0
1920
0
A
20695
D
Common Stock
2020-03-04
4
F
0
607
19.50
D
20088
D
Deferred Share Units
2020-03-04
4
M
0
1920
0
D
Common Stock
1920.0
1921
D
Restricted Stock Units
2020-03-04
4
A
0
7692
0
A
Common Stock
7692.0
18030
D
On March 4, 2020, there were 1,920 deferred share units ("DSUs") that settled, and were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company").
Represents DSUs 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 the Company's common stock.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
On March 4, 2020 the reporting person received a grant of 7,692 RSUs as part of her 2020 Long Term Incentive Plan award. The RSUs will vest in three equal installments commencing January 2, 2021, January 2, 2022, and January 2, 2023.
William J. White, attorney-in-fact
2020-03-06