SEC Form 4 · accession 0001209191-17-031534
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
May 10, 2017
Accepted (ET)
May 11, 2017 · 4:24 pm EDT
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 | May 10, 2017 | M | 12,000 | $23.27 | A | 169,314 | D | |
| Common SharesF1 | May 10, 2017 | S | 12,000 | $39.19 | D | 157,314 | 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 SharesF3,F2 | $23.27 | May 10, 2017 | M | 12,000 | D | — | Feb 14, 2018 | Common Shares | 12,000 | 0 | D |
Explanation of responses
- F1The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $39.06 and $39.30 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F2Options vested as follows: 1/3 on 02/14/2009, 1/3 on 02/14/2010 and 1/3 on 02/14/2011.
- F3All 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 30,297(after taking into account 12,000 options exercised on 05/10/2017). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 32,986.