SEC Form 4 · accession 0001209191-17-002955
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
Jan 6, 2017
Accepted (ET)
Jan 9, 2017 · 4:44 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 | D | 23,062 | $38.73 | D | 293,650 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Board of Directors authorized the Company to repurchase up to 23,062 Common Shares from the reporting person, which amount is equal to the 23,062 Common Shares which the person received on January 6, 2017 in settlement of the 23,062 restricted shares units ("RSUs") held for him in the employer stock fund of the Assured Guaranty Ltd. Supplemental Employee Retirement Plan (the "AGL SERP"). Because the RSUs could only be settled in Common Shares, they were previously reported on Table I Form 4 filings made by the reporting person at the time of grant and included as part of the total Common Shares held by him.
- F2The purchase price per share is equal to the closing price of a Common Share on the New York Stock Exchange on January 6, 2017, which is the date that the reporting person received the distribution of Common Shares from the Company pursuant to the AGL SERP.