0000874501-24-000016.txt : 20240223 0000874501-24-000016.hdr.sgml : 20240223 20240223164553 ACCESSION NUMBER: 0000874501-24-000016 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240221 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LeBlanc Claude CENTRAL INDEX KEY: 0001380820 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10777 FILM NUMBER: 24672147 MAIL ADDRESS: STREET 1: ONE BERMUDIANA ROAD CITY: HAMILTON STATE: D0 ZIP: HM 11 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AMBAC FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000874501 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance 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 wk-form4_1708724732.xml FORM 4 X0508 4 2024-02-21 0 0000874501 AMBAC FINANCIAL GROUP INC AMBC 0001380820 LeBlanc Claude AMBAC FINANCIAL GROUP, INC. ONE WORLD TRADE CENTER, 41ST FLOOR NEW YORK NY 10007 1 1 0 0 Chief Executive Officer 0 Common Stock 2024-02-21 4 A 0 8257 0 A 510673 D Common Stock 2024-02-21 4 F 0 8257 16.25 D 502416 D Deferred Share Units 2024-02-21 4 A 0 207494 0 A Common Stock 207494 261888 D The reporting person acquired 8,257 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2021 Long Term Incentive Plan award, which had a three year performance period and vested on February 21, 2014. As part of the vesting and settlement of a portion of the 2021 LTIP award, 8,257 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations. Each deferred share unit ("DSU") represents a contingent right to receive one share of common stock of the Company. Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of DSUs pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended. William J. White, attoney-in-fact 2024-02-23