RADIAN GROUP INC — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2015-05-14

Reporting Person: Ibrahim Sanford A (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-14	Common Stock	M	103000	$2.48	Acquired	283394	Direct
2015-05-14	Common Stock	S	103000	$18.2378	Disposed	180394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-14	Non-qualified Stock Option	$2.48	M	103000	Disposed	2015-08-07	Common Stock (103000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500000	Indirect

Footnotes

F1: This reflects the acquisition and disposition of shares pursuant to the exercise of Non-Qualified Stock Options that were scheduled to expire on August 7, 2015.

F2: Represents shares held in 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: Not Applicable.