RADIAN GROUP INC — Director's Dealing 2013

May 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2013-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-13	Common Stock	M	18200	—	Acquired	129859	Direct
2013-05-13	Common Stock	F	8207	$13.26	Disposed	121652	Direct
2013-05-13	Common Stock	F	10146	$13.37	Disposed	111506	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-13	Restricted Stock Unit (stock settled)	$0	M	18200	Disposed	2013-05-13	Common Stock (18200)	Direct

Footnotes

F1: Represents shares acquired upon vesting of 50% of outstanding performance-based Restricted Stock Units (stock settled) granted on May 12, 2010. Remaining 50% of outstanding award was canceled due to failure to satisfy certain performance metrics.

F2: Includes 1307 shares acquired through the Employee Stock Purchase Plan on June 30, 2012 and 930 shares acquired through the Employee Stock Purchase Plan on December 31, 2012.

F3: Represents surrendered shares to satisfy tax liability incurred upon the vesting of Restricted Stock Units granted May 12, 2010.

F4: Represents surrendered shares to satisfy tax liability incurred upon the vesting of Restricted Stock granted May 13, 2009.

F5: Not Applicable.