RADIAN GROUP INC — Director's Dealing 2014

Feb 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2014-02-11

Reporting Person: Hoffman Edward J (EVP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-11	common stock	M	11250	$2.68	Acquired	34051	Direct
2014-02-11	common stock	D	11250	$15.62	Disposed	22801	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-11	stock appreciation right (cash settled)	$2.68	M	11250	Disposed	2014-05-13	common stock (11250)	Direct

Footnotes

F1: Represents the exercise of 11,250 of the 22,500 cash-settled Stock Appreciation Rights scheduled to expire May 13, 2014.

F2: N/A