SEC Form 4 · accession 0001209191-16-096891
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce E. Stern
Officer — Executive Officer,*
Period of report
Feb 7, 2016
Accepted (ET)
Feb 9, 2016 · 5:11 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 | 2,092 | $23.73 | D | 89,559 | D | |
| Common SharesF2 | Feb 7, 2016 | M | 10,594 | $0.00 | A | 100,153 | D | |
| Common SharesF1,F3 | Feb 7, 2016 | F | 3,917 | $23.73 | D | 97,184 | 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 | 6,200 | D | — | — | Common Shares | 6,200 | 20,980 | 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 948 shares purchased on 06/30/2015 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, but does not include 30,694 outstanding options.