AMBAC FINL GROUP INC

Ticker: OSG CUSIP: 023139884 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 14,197 Value ($000) $200 Avg Close $15.37 Range $12.72 - $17.39

Q3 2015

Shares 14,199 Value ($000) $205 Avg Close $16.22 Range $14.22 - $19.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	14,197	$200	$15.37	$12.72 - $17.39
Q3 2015	14,199	$205	$16.22	$14.22 - $19.17