RADIAN GROUP INC — Director's Dealing 2014

Feb 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2014-02-13

Reporting Person: Altman Richard (COO of Radian Guaranty)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-13	Common Stock	M	11750	$2.68	Acquired	53789	Direct
2014-02-13	common stock	D	11750	$15.87	Disposed	42039	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-13	stock appreciation rights (cash settled)	$2.68	M	11750	Disposed	2014-05-13	common stock (11750)	Direct

Footnotes

F1: Represents exercise of the remaining 11,750 cash-settled Stock Appreciation Rights scheduled to expire May 13, 2014.

F2: Includes 1,251 shares acquired through the Employee Stock Purchase Plan on June 30, 2013 and 647 shares acquired through the Employee Stock Purchase Plan on December 31, 2013.

F3: N/A