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Employment Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Projected Benefit Payments from Postretirement Plan

The following table sets forth projected benefit payments from Ambac’s postretirement plan:

		Amount
2013		$	495,000
2014			492,000
2015			565,000
2016			618,000
2017			637,000
All later years			3,591,000
		$	6,398,000

Option Activity

A summary of option activity for the period ending December 31, 2012 is as follows:

		Shares				Weighted Average Exercise Price				Aggregate Intrinsic Value				Weighted Average Remaining Contractual Life
Outstanding at beginning of year			1,139,429			$	45.15
Granted			—				na.
Exercised			—				na.
Forfeited or expired			(536,654	)		$	49.63
Outstanding at end of year			602,775			$	41.17			$	0				1.46
Exercisable			602,775			$	41.17			$	0				1.46

Summary of Rsu and Other Stock Activity

A summary of RSU activity for 2012 is as follows:

		2012
		Shares				Weighted Average Grant Date Fair Value
Outstanding at beginning of year			113,739			$	23.96
Granted			0			$	0
Delivered			(9,350	)		$	52.16
Forfeited			0			$	0
Outstanding at end of year			104,389			$	21.43

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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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+ References

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-Publisher FASB

-Name Accounting Standards Codification

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

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-Name Accounting Standards Codification

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