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