RADIAN GROUP INC — Director's Dealing 2010

Feb 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2010-02-05

Reporting Person: Bryce Teresa Ann (President of operating subsidi)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-05	Common stock	F	716	$6.41	Disposed	96446	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	11313	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$2.68	2014-05-13	Common stock (134500)	134500	Direct
Stock Option	$2.48	2014-08-07	Common stock (73800)	73800	Direct

Footnotes

F1: Award is part of the annual equity award

F2: Cash settled SAR vests 50% in year 3 and 50% in year 4

F3: Ownership includes 1055 shares purchased through the ESPP december 31, 2009.

F4: Shares withheld to cover taxes on vesting of Restricted Stock Award