RADIAN GROUP INC — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2012-05-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-14	Common stock	F	6660	$2.36	Disposed	109422	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	12883	Indirect

Footnotes

F1: Represents surrendered shares to satisfy tax liability incurred upon the vesting of restricted stock granted 5/13/2009.

F2: Includes updated ownership resulting from ESPP purchase of 1,308 shares on 12/31/11.