SEC Form 4 · accession 0001209191-16-096857
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Albert
Officer — Chief Risk Officer
Period of report
Feb 7, 2016
Accepted (ET)
Feb 9, 2016 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001273813
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 7, 2016 | F | 1,047 | $23.73 | D | 128,412 | D | |
| Common SharesF2 | Feb 7, 2016 | M | 4,699 | $0.00 | A | 133,111 | D | |
| Common SharesF1,F3 | Feb 7, 2016 | F | 1,731 | $23.73 | D | 132,353 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4,F2 | $0.00 | Feb 7, 2016 | M | 2,750 | D | — | — | Common Shares | 2,750 | 19,359 | D |
Explanation of responses
- F1Common Shares being withheld to pay tax liability.
- F2Performance share units awarded pursuant to the Assured Guaranty 2004 Long-Term Incentive Plan (the "Plan"). Using the highest 40-day average stock price during the performance period (1/1/13 to 12/31/2015), 170.88% of the performance share units granted became vested. The number of Common Shares delivered equals the number of performance share units granted multiplied by 170.88%.
- F3Total includes 490 shares purchased on 06/30/2015 and 483 shares purchased on 12/31/2015 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.
- F4Total includes performance share units from other tranches with different performance measures, performance periods and vesting dates. This total does not include 58,297 outstanding options (after taking into account 15,000 options that expired on February 2, 2016).