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RADIAN GROUP INC — Director's Dealing 2018
Nov 20, 2018
31025_dirs_2018-11-20_08ecf954-d32a-4aaa-ad78-418c79c01826.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2018-11-15
Reporting Person: Quigley Robert (Sr. Vice President, Controller)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common stock | 699 | Direct |
| Common stock | 5084 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option - Performance Award | $13.99 | 2023-05-13 | Common stock (2740) | Direct | |
| Stock Option - Performance Award | $15.44 | 2024-06-16 | Common stock (2470) | Direct | |
| Stock Option - Performance Award | $18.42 | 2025-07-08 | Common stock (2050) | Direct | |
| Stock Option - Performance Award | $12.16 | 2026-05-10 | Common stock (3100) | Direct | |
| Restricted Stock Units - Performance Award | $0 | Common stock (4170) | Direct | ||
| Restricted Stock Units - Performance Award | $0 | Common stock (4660) | Direct | ||
| Restricted Stock Units - Performance Award | $0 | Common stock (5650) | Direct | ||
| Restricted Stock Units - Time Vested Award | $0 | Common stock (2830) | Direct | ||
| Restricted Stock Units - Time Vested Award | $0 | Common stock (2500) | Direct | ||
| Restricted Stock Units - Time Vested Award | $0 | Common stock (1615) | Direct | ||
| Restricted Stock Units - Time Vested Award | $0 | Common stock (2470) | Direct |
Footnotes
F1: N/A
F2: In each case, options scheduled to vest in two equal installments on each of the third and fourth anniversaries of the applicable date of grant, provided that the options will vest only if the closing price of the Company's common stock meets the applicable stock price hurdle for ten consecutive days ending on or after the third anniversary of the applicable date of grant.
F3: Performance-based RSUs are scheduled to vest on the applicable date exercisable. In each case, the performance-based RSUs have a potential payout ranging from 0% to 200% of the RSUs scheduled to vest, subject to a maximum cap of six times the value of the award on the grant date.
F4: Vesting of the performance-based RSUs occurs on the applicable date exercisable (between 0 and 11,300 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document).
F5: The award was granted on May 9, 2018 and the award vests proportionately on the first, second and third anniversary of grant.
F6: The award was granted on May 10, 2017 and the award vests proportionately on the first, second and third anniversary of grant. One-third of the award vested on May 10, 2018. Shares reported outstanding are unvested and reflect the remaining two-thirds of the shares granted.