SEC Form 4 · accession 0001209191-17-041206
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Bailenson
Officer — Chief Financial Officer
Period of report
Jun 20, 2017
Accepted (ET)
Jun 21, 2017 · 4:27 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 | Jun 20, 2017 | M | 10,000 | $23.27 | A | 218,911 | D | |
| Common SharesF1 | Jun 20, 2017 | F | 7,857 | $41.75 | D | 211,054 | 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 | Jun 20, 2017 | M | 10,000 | D | — | Feb 14, 2018 | Common Shares | 10,000 | 49,094 | D |
Explanation of responses
- F1Represents the payment of the exercise price and withholding taxes of an employee stock option through the attestation of previously owned shares. The price is equal to the fair market value of the Common Shares on the date of exercise and is used to determine the value of the shares delivered to the Company by attestation of previously owned shares in payment of the exercise price and withholding taxes.
- 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 49,094 (after taking into account 10,000 options exercised on 6/20/2017). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 58,572.