RADIAN GROUP INC — Director's Dealing 2017

May 12, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2017-05-10

Reporting Person: Spiegel Noel Joseph (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-10	Restricted Stock Units (stock settled)	$0	A	6924	Acquired		Common Stock (6924)	Direct

Footnotes

F1: Award represents an annual equity award to non-employee directors.

F2: Each RSU represents a contingent right to receive one share of common stock.

F3: Each RSU vests on the third anniversary of the grant date, or earlier upon the reporting person's retirement, death or disability. Following vesting, conversion of the RSUs into common stock will occur upon the reporting person's departure from the board of directors.

F4: Not applicable to this transaction.