RADIAN GROUP INC — Director's Dealing 2014

May 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2014-05-13

Reporting Person: QUINT C ROBERT (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-13	Common Stock	M	77500	$2.68	Acquired	194403	Direct
2014-05-13	Common Stock	D	77500	$14.87	Disposed	116903	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-13	Stock Appreciation Right (cash-settled)	$0	M	77500	Disposed	2014-05-13	Common Stock (77500)	Direct

Footnotes

F1: This transactions resulted from the involuntary, automatic exercise of cash-settled Stock Appreciation Rights (SAR) upon their scheduled expiration on May 13, 2014, pursuant to the terms and conditions of the SAR grant agreement.

F2: Not Applicable.