SEC Form 4 · accession 0001209191-17-002952
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick W Kenny
Director
Period of report
Jan 6, 2017
Accepted (ET)
Jan 9, 2017 · 4:42 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,F2 | Jan 6, 2017 | M | 27,080 | — | A | 70,538 | D | |
| Common SharesF1,F2 | Jan 6, 2017 | D | 13,544 | — | D | 56,994 | D | |
| Common SharesF2 | Dec 21, 2016 | G | 3,000 | $0.00 | D | 53,994 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1,F3 | — | Jan 6, 2017 | M | 27,080 | D | Jan 6, 2017 | — | Common Shares | 27,080 | 0 | D |
Explanation of responses
- F1Restricted stock units ("RSUs"), each representing a right equivalent to one common share of the Company were settled on January 6, 2017, with 50% payable in common shares and 50% payable in a cash amount equal to $38.73 (which was the fair market value of one common share of the Company on the settlement date), with fractional RSU settlements reflected by rounding down the share settlement and rounding up the cash settlement.
- F2Totals may not tally due to rounding.
- F3Each RSU is vested. The RSUs settled January 6, 2017.
- F4Total excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise prices and expiration dates, as applicable.