SEC Form 4 · accession 0001209191-17-008364
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Albert
Officer — Chief Risk Officer
Period of report
Feb 5, 2017
Accepted (ET)
Feb 7, 2017 · 4:36 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 | Feb 5, 2017 | F | 4,652 | $40.01 | D | 142,051 | D | |
| Comnmon SharesF3 | Feb 5, 2017 | M | 15,262 | $0.00 | A | 157,313 | D | |
| Common SharesF1 | Feb 5, 2017 | F | 7,871 | $40.01 | D | 149,442 | 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,F4 | — | Feb 5, 2017 | M | 7,631 | D | — | — | Common Shares | 7,631 | 25,114 | D |
Explanation of responses
- F1Common Shares being withheld to pay tax liability.
- F2Total includes 472 shares purchased on 12/31/2016 pursuant to the Assured Guaranty Ltd. Stock Purchase Plan which meets the requirements of Rule 16b-3.
- F3Performance 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 (1/1/2014 to 12/31/2016), 200.00% of the performance share units granted became vested. The number of Common Shares delivered equals the number of performance share units granted multiplied by 200.00%.
- F4Total includes performance units from other tranches with different performance measures, performance periods and vesting dates, but does not include 42,297 outstanding options.