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RADIAN GROUP INC — Director's Dealing 2014
May 15, 2014
31025_dirs_2014-05-15_5246dea6-0271-4f08-be7e-c789506ddc9a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2014-05-13
Reporting Person: Ibrahim Sanford A (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-13 | Common Stock | M | 169000 | $2.68 | Acquired | 347650 | Direct |
| 2014-05-13 | Common Stock | D | 169000 | $14.87 | Disposed | 178650 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-13 | Stock Appreciation Right (Cash Settled) | $2.68 | M | 169000 | Disposed | 2014-05-13 | common stock (169000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 500000 | Indirect |
| Common Stock | 12095 | Indirect |
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: Transaction involved a gift of shares to a trust for the benefit of a member of the Reporting Person's family. The Reporting Person retains voting and investment control over the gifted shares and therefore, the 500,000 shares remain beneficially owned by the Reporting Person.
F3: N/A