SEC Form 4 · accession 0001209191-19-005208
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Donnarumma
Officer — Chief Credit Officer
Period of report
Jan 23, 2019
Accepted (ET)
Jan 24, 2019 · 5:51 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 | Jan 23, 2019 | M | 5,000 | $7.44 | A | 86,329 | D | |
| Common Shares | Jan 23, 2019 | F | 3,237 | $39.89 | D | 83,092 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Acquire Common SharesF4,F3 | $7.44 | Jan 23, 2019 | M | 5,000 | D | — | Feb 5, 2019 | Common Shares | 5,000 | 8,844 | D |
Explanation of responses
- F1Total includes 246 shares purchased on 6/30/2018 and 233 shares purchased on 12/31/18 pursuant to the Assured Guaranty Ltd. Employee Stock Purchase Plan which meets the requirements of Rule 16b-3.
- F2Represents 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.
- F3Options vested as follows: 1/3 on February 5, 2010, 1/3 on February 5, 2011 and 1/3 on February 5, 2012.
- F4Total includes options from other tranches with different exercise prices, vesting dates and expiration dates, but does not include 26,435 performance share units of various tranches.