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RADIAN GROUP INC — Director's Dealing 2017
Mar 7, 2017
31025_dirs_2017-03-07_0120bce1-d2e8-4f3c-a1e1-f98859297894.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: 2017-03-03
Reporting Person: Ibrahim Sanford A (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-03 | Restricted Stock Unit - Performance based | $0 | A | 123496 | Acquired | 2022-03-03 | Common Stock (123496) | Direct |
Footnotes
F1: Performance-based RSUs granted pursuant to Mr. Ibrahim's previously disclosed Retirement Agreement, entered into on February 8, 2017. The RSUs will vest in full if the closing price of the Company's common stock on the New York Stock Exchange for any ten consecutive trading days during the performance period commencing ten trading days prior to the first anniversary of the grant date and ending on the fifth anniversary of the grant date equals or exceeds 120% of the grant date share price (the "Stock Price Hurdle"). The RSUs will be forfeited if the Stock Price Hurdle is not met by the fifth anniversary of the grant date.
F2: Not Applicable.