RADIAN GROUP INC — Director's Dealing 2014

Feb 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2014-02-07

Reporting Person: Bryce Bazemore Teresa (President of Radian Guaranty)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-07	Common Stock	M	67250	$2.68	Acquired	182225	Direct
2014-02-07	Common Stock	D	67250	$15.46	Disposed	114975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-07	Stock Appreciation Right (cash settled)	$2.68	M	67250	Disposed	2014-05-13	Common stock (67250)	Direct

Footnotes

F1: Represents the exercise of 67,250 of the 134,500 cash-settled Stock Appreciation Rights scheduled to expire May 13, 2014.

F2: Includes 500 shares acquired through the Employee Stock Purchase Plan on June 30, 2013 and 259 shares acquired through the Employee Stock Purchase Plan on December 31, 2013.

F3: Not Applicable.