0001209191-18-013024.txt : 20180223
0001209191-18-013024.hdr.sgml : 20180223
20180223165609
ACCESSION NUMBER: 0001209191-18-013024
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20180221
FILED AS OF DATE: 20180223
DATE AS OF CHANGE: 20180223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Donnarumma Stephen
CENTRAL INDEX KEY: 0001732392
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32141
FILM NUMBER: 18637418
MAIL ADDRESS:
STREET 1: 30 WOODOURNE AVENUE
CITY: HAMILTON
STATE: D0
ZIP: HM08
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 WOODBOURNE AVE
STREET 2: 5TH FLOOR
CITY: HAMILTON BERMUDA
STATE: D0
ZIP: HM08
BUSINESS PHONE: 441-279-5700
MAIL ADDRESS:
STREET 1: 30 WOODBOURNE AVE
STREET 2: 5TH FLOOR
CITY: HAMILTON BERMUDA
STATE: D0
ZIP: HM08
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
3
1
doc3.xml
FORM 3 SUBMISSION
X0206
3
2018-02-21
0
0001273813
ASSURED GUARANTY LTD
AGO
0001732392
Donnarumma Stephen
30 WOODBOURNE AVENUE
HAMILTON
D0
BERMUDA
0
1
0
0
Chief Credit Officer
Common Shares
69741.0408
D
Options to Acquire Common Shares
7.44
2019-02-05
Common Shares
10000
D
Options to Acquire Common Shares
19.79
2020-02-24
Common Shares
5000
D
Options to Acquire Common Shares
17.44
2019-02-09
Common Shares
2241
D
Options to Acquire Common Shares
19.24
2020-02-07
Common Shares
3844
D
Peformance Share Units
2019-02-24
Common Shares
10297
D
Peformance Share Units
2020-02-22
Common Shares
7557
D
Included in the total are 7,557 restricted stock units awarded on February 22, 2017 pursuant to Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the "Plan"). These restricted stock units vest on the third anniversary of the date of the award.
Included in the total are 10,297 restricted stock units awarded on February 24, 2016 pursuant to the Plan. These restricted stock units vest on the third anniversary of the date of the award.
Stock option award pursuant to the Plan granted on 02/05/2009. These options vested: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.
Stock option award pursuant to the Plan granted on 02/24/2010. These options vested: 1/3 on the first anniversary of the date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.
Stock option award pursuant to the Plan granted on 02/09/2012. These options vested on the third anniversary of the date of the award.
Stock option award pursuant to the Plan granted on 02/07/2013. These options vested on the third anniversary of the date of the award.
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 2/24/2019, if at all, at the end of the performance period (7/1/2017 to 12/31/2018), 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 $36; 100% if the share price reaches $32; and 50% if the share price reaches $28 (with interpolation between those prices). If the share price does not reach $28, 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.
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.
/s/ Ling Chow, Attorney-in-fact
2018-02-23
EX-24.3_771955
2
poa.txt
POA DOCUMENT
Assured Guaranty Ltd.
Power of Attorney
Section 16(a) Reports
The undersigned, in his capacity as an executive officer of Assured Guaranty
Ltd., does hereby appoint each of Robert A. Bailenson, Dominic J. Frederico,
Ivana M. Grillo, Richard J. Bauerfeld and Ling Chow, his true and lawful
attorney, to execute in his name, place and stead, in his capacity as a director
and/or executive officer of said company, any and all reports required by
Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder,
and any and all amendments thereto, and all other documents necessary or
incidental in connection therewith, and to file or cause to be filed the same
with the Securities and Exchange Commission, the New York Stock Exchange and
such other exchanges and authorities as may be necessary or appropriate. Said
attorneys shall each have full power and authority to do and perform, in the
name and on behalf of the undersigned, in any and all capacities, each and every
act requisite or necessary to be done in the premises, as fully and to all
intents and purposes as the undersigned might or could do in person, the
undersigned hereby ratifying and approving the acts of any of said attorneys.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file reports under Section 16(a) of the
Exchange Act with respect to the undersigned's holdings of and transactions in
securities issued by Assured Guaranty Ltd. unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN TESTIMONY WHEREOF, the undersigned has executed this instrument this 20th day
of February, 2018.
/s/ Stephen Donnarumma