Insider Trades - STEVENS TIMOTHY J

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STEVENS TIMOTHY J: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
AMBAC FINL GRP INC Officer NYSE:ABK (historical quotes, profile, SEC, other insiders)	23-Jul-09 2-Dec-08	36,382 481 36,863	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
23-Jul-09 175 ABK Disposition (Non Open Market) at $0.89 per share.
(Value of $155)
23-Jan-09 309 ABK Disposition (Non Open Market) at $1.12 per share.
(Value of $346)
3-Dec-08 354 ABK Acquisition (Non Open Market) at $1.56 per share.
(Value of $552)
2-Dec-08 *481 ABK Statement of Ownership
2-Dec-08 36,790 ABK Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
23-Jul-09	175	ABK	Disposition (Non Open Market) at $0.89 per share. (Value of $155)
23-Jan-09	309	ABK	Disposition (Non Open Market) at $1.12 per share. (Value of $346)
3-Dec-08	354	ABK	Acquisition (Non Open Market) at $1.56 per share. (Value of $552)
2-Dec-08	*481	ABK	Statement of Ownership
2-Dec-08	36,790	ABK	Statement of Ownership