SEC Form 4 · accession 0001209191-18-007876
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce E. Stern
Officer — Executive Officer
Period of report
Feb 4, 2018
Accepted (ET)
Feb 6, 2018 · 4:42 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 4, 2018 | F | 5,860 | $35.19 | D | 120,550 | D | |
| Comnmon SharesF3 | Feb 4, 2018 | M | 23,456 | $0.00 | A | 144,006 | D | |
| Common SharesF1 | Feb 4, 2018 | F | 11,487 | $35.19 | D | 132,519 | 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 4, 2018 | M | 11,728 | D | — | — | Common Shares | 11,728 | 23,231 | D |
Explanation of responses
- F1Common Shares being withheld to pay tax liability.
- F2Total includes 641 shares purchased on 06/30/2017 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.
- F3Performance share units awarded pursuant to the Assured Guaranty Ltd. 2004 Long-Term Incentive Plan (the "Plan"). Using the highest 40-day average stock price during the performance period (7/1/2016 to 12/31/2017), 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 30,694 outstanding options.