SEC Form 4 · accession 0001209191-17-008369
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell B. Brewer II
Officer — Chief Surveillance Officer
Period of report
Feb 5, 2017
Accepted (ET)
Feb 7, 2017 · 4:39 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 5, 2017 | F | 7,711 | $40.01 | D | 124,702 | D | |
| Common SharesF2 | Feb 5, 2017 | M | 28,042 | $0.00 | A | 152,744 | D | |
| Common SharesF1 | Feb 5, 2017 | F | 13,172 | $40.01 | D | 139,572 | 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 UnitsF2,F3 | — | Feb 5, 2017 | A | 14,021 | D | — | — | Common Shares | 14,021 | 40,244 | 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 (1/1/2014 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%.
- F3Total includes performance units from other tranches with different performance measures, performance periods and vesting dates, but does not include 36,962 outstanding options.