SEC Form 4 · accession 0001209191-16-096864
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Bailenson
Officer — Chief Financial Officer
Period of report
Feb 7, 2016
Accepted (ET)
Feb 9, 2016 · 5:04 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 | 1,936 | $23.73 | D | 157,398 | D | |
| Common SharesF2 | Feb 7, 2016 | M | 10,081 | $0.00 | A | 167,479 | D | |
| Common SharesF1 | Feb 7, 2016 | F | 3,727 | $23.73 | D | 163,752 | 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 UnitsF3,F2 | $0.00 | Feb 7, 2016 | M | 5,900 | D | — | — | Common Shares | 5,900 | 32,901 | 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 performance share units from other tranches with different performance measures, performance periods and vesting dates. This total does not include 75,094 outstanding options (after taking into account 12,000 options that expired on February 2, 2016).