SEC Form 4 · accession 0001209191-16-148946
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Michener
Officer — General Counsel and Secretary
Period of report
Oct 14, 2016
Accepted (ET)
Nov 8, 2016 · 7:10 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 Shares | Oct 14, 2016 | G | 3,500 | $0.00 | D | 312,297 | D | |
| Common Shares | Nov 4, 2016 | M | 50,000 | $26.70 | A | 362,297 | D | |
| Common SharesF1,F2 | Nov 4, 2016 | F | 45,585 | $31.80 | D | 316,712 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Acquire Common SharesF4,F3 | $26.70 | Nov 4, 2016 | M | 50,000 | D | — | Feb 8, 2017 | Common Shares | 50,000 | 0 | D |
Explanation of responses
- F1Represents the payment of the exercise price and withholding taxes of an employee stock option through the attestation of previously owned shares.
- F2The price is equal to the fair market value of the Common Shares on the date of exercise and is used to determine the value of the shares delivered to the Company by attestation of previously owned shares in payment of the exercise price and withholding taxes.
- F3Options vested as follows: 1/3 on 02/08/2008, 1/3 on 02/08/2009 and 1/3 on 02/08/2010.
- F4All options of this tranche have been exercised. The total number of options from other tranches with different exercise prices, vesting terms and expiration dates is 96,962 (after taking into account 50,000 options exercised on 11/4/2016). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 52,206.