RADIAN GROUP INC — Director's Dealing 2010

Sep 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2010-09-02

Reporting Person: RICHARDS ROBERT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-02	dividend equivalent rights	$0	A	20.6984	Acquired	2018-12-23	common stock (20.6984)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4150	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
restricted stock unit	$0		Common Stock (11036)	11036	Direct
restricted stock unit	$		common stock (42910)	42910	Direct
Phantom Stock Unit	$0	2015-08-07	common stock (46370)	46370	Direct
Phantom Stock Unit	$0	2017-02-05	common stock (1890)	1890	Direct
phantom stock unit	$0	2016-02-07	common stock (2052)	2052	Direct
phantom stock unit	$0	2015-02-08	common stock (2015)	2015	Direct
phantom stock unit	$0	2014-02-10	common stock (2122)	2122	Direct
stock option	$20.3125	2009-01-19	common stock (2400)	2400	Direct
Phantom Stock Unit	$0	2009-04-13	common stock (800)	800	Direct
Phantom Stock Unit	$0	2009-12-17	common stock (800)	800	Direct
stock option	$21.0313	2010-01-18	common stock (2400)	2400	Direct
Phantom Stock Unit	$0	2010-12-05	common stock (800)	800	Direct
stock option	$27.1875	2011-01-22	common stock (2400)	2400	Direct
stock option	$35.81	2011-11-06	common stock (2400)	2400	Direct
Phantom Stock Unit	$0	2011-11-06	common stock (800)	800	Direct
stock option	$35.79	2013-01-30	common stock (2400)	2400	Direct
Phantom Stock Unit	$0	2013-01-30	common stock (800)	800	Direct

Footnotes

F1: 1-for-1

F2: Dividend equivalents accrued on unvested Phantom Stock Units. Dividend equivalent rights accrued on phantom stock units and become exercisable proportionately with the options to which they relate.

F3: Not Applicable

F4: RSU's are paid in cash at the time of retirement from the board of directors

F5: Each RSU represents a contingent right to receive a cash settlement equal to the value of one share of common stock for each restricted stock unit