SEC Form 4 · accession 0001209191-19-013700
ASSURED GUARANTY LTD · AGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dominic Frederico
Officer — President/CEO/Deputy Chairman · Director
Period of report
Feb 24, 2019
Accepted (ET)
Feb 26, 2019 · 6:13 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 24, 2019 | F | 42,643 | $41.55 | D | 1,129,567 | D | |
| Common SharesF3 | Feb 24, 2019 | M | 205,930 | $0.00 | A | 1,335,497 | D | |
| Common SharesF1 | Feb 24, 2019 | F | 85,118 | $41.55 | D | 1,250,379 | D | |
| Common Shares | holding | — | — | — | 9,400 | I | By Wife | |
| Common Shares | holding | — | — | — | 200 | I | By Daughter | |
| Common Shares | holding | — | — | — | 345,000 | I | By Family Limited Partnership |
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 24, 2019 | M | 102,965 | D | — | — | Common Shares | 102,965 | 151,507 | D |
Explanation of responses
- F1Common Shares being withheld to pay tax liability.
- F2Total includes 82 shares purchased on 12/31/2018 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 (7/1/2017 to 12/31/2018), 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 100,000 outstanding options.