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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
874501	Ambac Financial Group Inc	ABK	Surety Insurance (6351)	133621676

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1042563	C Thomas Theobald	Ambac Financial Group, Inc. One State Street Plaza New York NY 10004		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-05-21	12,000	$0.98	61,750	No	4	S	Direct
Common Stock	Disposition	2010-05-21	1,500	$1.01	0	No	4	S	Indirect	As trustee for Daniel F. Theobald
Common Stock	Disposition	2010-05-21	1,500	$1.01	0	No	4	S	Indirect	By Spouse as custodian for Fiona M. Theobald

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	As trustee for Daniel F. Theobald
No	4	S	Indirect	By Spouse as custodian for Fiona M. Theobald

Footnotes

These shares are held in a trust for the benefit of the Thomas Theobald's son. Thomas Theobald is the trustee. Thomas Theobald disclaims beneficial ownership of these securities, and the filing of this report is not an admission that Thomas Theobald is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
These shares are held in a trust for the benefit of the Thomas Theobald's daughter. Thomas Theobald's spouse is the trustee. Thomas Theobald disclaims beneficial ownership of these securities, and the filing of this report is not an admission that Thomas Theobald is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.