SEC Form 4 · accession 0000874501-16-000115
OCTAVE SPECIALTY GROUP INC · OSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Trick
Officer — Sr. MD., CFO & Treasurer
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874501
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | — | Feb 22, 2016 | A | 12,887 | A | — | — | Common Stock | 12,887 | 24,571 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Company's common stock.
- F2On April 22, 2016 the reporting person received a grant of 12,887 restricted stock units ("RSUs") pursuant to Ambac's 2013 Incentive Compensation Plan. The RSUs will vest in three equal annual installments on each of April 22, 2017, April 22, 2018, and April 22, 2019.