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RADIAN GROUP INC Director's Dealing 2010

Dec 6, 2010

31025_dirs_2010-12-06_1982e9a5-da43-4b6a-9c94-9dc365eb8186.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2010-12-02

Reporting Person: WENDER HERBERT (Director, Chairman of the Board)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-12-02 dividend equivalent rights $0 A 18.64 Acquired common stock (18.64) Direct

Footnotes

F1: 1-for-1.

F2: Dividend equivalents accrued on unvested Phantom Stock Units. Dividend equivalents reported herein are related to various Phantom Stock Unit awards outstanding. Dividend equivalent rights accrued on phantom stock units will be settled proportionately with the previously granted awards to which they relate. Awards will be settled in stock upon retirement from the Board of Directors.

F3: Not applicable to this transaction.

F4: Total dividends accrued have been updated to reflect actual dividend equivalents accrued. All dividend equivalents accrued were previously reported on the applicable Form 4's, but beginning with the Form 4's filed in and after May 2009 the totals did not include the 84.3373 dividend equivalent shares accrued as reported on the March 2009 Form 4.