0001209191-20-046044.txt : 20200810
0001209191-20-046044.hdr.sgml : 20200810
20200810212918
ACCESSION NUMBER: 0001209191-20-046044
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200806
FILED AS OF DATE: 20200810
DATE AS OF CHANGE: 20200810
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Feldstein Andrew T
CENTRAL INDEX KEY: 0001584585
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32141
FILM NUMBER: 201090910
MAIL ADDRESS:
STREET 1: 280 PARK AVENUE, 5TH FLOOR EAST
CITY: NEW YORK
STATE: NY
ZIP: 10017
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-08-06
1
0001273813
ASSURED GUARANTY LTD
AGO
0001584585
Feldstein Andrew T
280 PARK AVENUE
NEW YORK
NY
10017
0
0
0
1
FormerChief Investment Officer
Forward contract (obligation to sell to Issuer)
2020-08-06
4
A
0
12000000.00
A
Common Shares
12000000.00
D
Pursuant to the separation agreement dated August 6, 2020 by and between the Reporting Person, Assured Guaranty Ltd. ("Issuer") and certain of Issuer's subsidiaries (such subsidiaries, together with Issuer, the "Company"), the Reporting Person agreed to transfer to the Issuer on December 31, 2020 (or as soon as reasonably practicable thereafter) common shares of Issuer, par value $0.01 per share ("Common Shares"), with a value equal to $12,000,000 in substitution of the Reporting Person's existing obligation to deliver $24,000,000 of interests in certain investment vehicles to the Company under the terms of the Reporting Person's employment agreement dated August 7, 2019 with the Company.
The price per share of the Common Shares transferred to Issuer will be determined based on the volume weighted average trade price per Common Share on the New York Stock Exchange ("NYSE") (calculated to the nearest one-hundredth of a cent) for the first 10 NYSE trading days in the month of December 2020. In the event that $12,000,000 exceeds the value of the Common Shares held by the Reporting Person and transferred to Issuer, the Reporting Person has agreed to pay to the Company an amount in cash equal to the excess of $12,000,000 over the value of the Common Shares transferred to Issuer (with the price per share of such Common Shares measured in accordance with the above).
/s/ Andrew Feldstein
2020-08-10