SEC Form 4 · accession 0000874501-16-000163
OCTAVE SPECIALTY GROUP INC · OSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Herzog
Director
Period of report
Mar 30, 2016
Accepted (ET)
Mar 31, 2016 · 7:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874501
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Mar 31, 2016 | P | 12,820 | $15.84 | A | 12,820 | D |
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,F3 | — | Mar 30, 2016 | A | 1,442 | A | — | — | Restricted Stock Units | 1,442 | 1,442 | D |
Explanation of responses
- F1The price per share is a weighted average price. These shares were purchased in multiple transactions at a price ranging from $15.69 to $15.89, inclusive
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock of Ambac Financial Group, Inc. (the "Company").
- F3RSUs shall vest on April 30, 2016. RSUs that have become vested shall settle and convert into shares of common stock upon the date that the reporting person resigns from, or otherwise ceases to be a member of, the Board of Directors of the Company.