SEC Form 4 · accession 0001209191-18-037737
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
Jun 13, 2018
Accepted (ET)
Jun 14, 2018 · 4:32 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 13, 2018 | M | 10,000 | $7.44 | A | 183,331 | D | |
| Common SharesF1 | Jun 13, 2018 | S | 10,000 | $37.67 | D | 173,331 | D | |
| Common SharesF2 | Jun 13, 2018 | M | 3,361 | $17.44 | A | 176,692 | D | |
| Common SharesF3 | Jun 13, 2018 | S | 3,361 | $37.77 | D | 173,331 | 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 SharesF5,F4 | $7.44 | Jun 13, 2018 | M | 10,000 | D | — | Feb 5, 2019 | Common Shares | 10,000 | 0 | D |
| Options to Acquire Common SharesF2,F5 | $17.44 | Jun 13, 2018 | M | 3,361 | D | Feb 9, 2015 | Feb 9, 2019 | Common Shares | 3,361 | 0 | D |
Explanation of responses
- F1The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $37.59 and $37.77 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.
- F2Reflects the amount of options that vested in accordance with the performance measures described in the Form 4 reporting the grant.
- F3The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $37.768 and $37.77 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.
- F4Options vested as follows: 1/3 on 02/05/2010, 1/3 on 02/05/2011 and 1/3 on 02/05/2012.
- F5All 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 14,750 (after taking into account 13,361 options exercised on 06/13/2018). The total number of performance share units from tranches with different performance measures, performance periods and vesting dates is 30,554.