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