RADIAN GROUP INC — Director's Dealing 2010

Mar 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2010-03-04

Reporting Person: NICHOLSON JAN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-04	divident equivalent rights	$0	A	13.4726	Acquired	2019-03-04	common stock (13.4726)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	4500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
restricted stock units	$		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

Footnotes

F1: 1-for-1

F2: Dividend equivalents accrued on unvested Phantom Stock Units. Dividend equivalents reported herein are related to various Phantom Stock Units outstanding. dividend equivalent rights accrued on phantom stock units and become exercisable proportionately with the options to which they relate.

F3: N/A

F4: Each RSU represents a contingent right to receive a cash settlement equal to the value of one share of common stock for each share of restricted stock

F5: RSU's are paid in cash at the time of retirement from the board of directors