0000874501-23-000042.txt : 20230302
0000874501-23-000042.hdr.sgml : 20230302
20230302162043
ACCESSION NUMBER: 0000874501-23-000042
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230228
FILED AS OF DATE: 20230302
DATE AS OF CHANGE: 20230302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McGinnis Daniel
CENTRAL INDEX KEY: 0001900989
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 23699255
MAIL ADDRESS:
STREET 1: C/O AMBAC FINANCIAL GROUP, INC.
STREET 2: ONE WORLD TRADE CENTER, 41ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10007
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_167779201522682.xml
FORM 4
X0306
4
2023-02-28
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001900989
McGinnis Daniel
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK,
NY
10007
0
1
0
0
Sr. MD & COO
Common Stock
2023-02-28
4
M
0
6735
0
A
6735
D
Common Stock
2023-02-28
4
F
0
2561
16.55
D
4174
D
Common Stock
2023-02-28
4
M
0
330
0
A
4504
D
Common Stock
2023-02-28
4
F
0
330
16.55
D
4174
D
Restricted Stock Units
2023-02-28
4
M
0
6735
0
D
Common Stock
6735.0
15320
D
Restricted Stock Units
2023-02-28
4
A
0
330
0
D
Common Stock
330.0
14990
D
Restricted Stock Units
2023-02-28
4
A
0
2532
0
D
Common Stock
2532.0
12458
D
Deferred Share Units
2023-02-28
4
A
0
2532
0
A
Common Stock
2532.0
2532
D
Represents the aggregate amount of restricted stock units ("RSUs") that were converted into shares of common stock of Ambac Financial Group, Inc. (the "Company") upon settlement of a portion of the reporting person's 2022 sign-on bonus.
Represents the aggregate amount of RSUs that were converted into shares of common stock and withheld by the Company to satisfy certain tax withholding obligations.
Represents the aggregate amount of RSUs that were converted into shares of common stock of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
Each RSU represents a contingent right to receive one share of Ambac Financial Group, Inc. (the "Company") common stock.
Represents the aggregate amount of RSUs that were converted into an equivalent number of Deferred Share Units ("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 RSU and Performance Stock Unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
Represents the aggregate amount of RSUs that were converted into DSUs of the Company upon settlement of a portion of the reporting person's 2022 Long Term Incentive Plan award.
Each DSU represents a contingent right to receive one share of common stock of the Company.
William White, attorney in fact
2023-03-01