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RADIAN GROUP INC — Director's Dealing 2018
May 11, 2018
31025_dirs_2018-05-11_f0c11aa4-8a5f-416b-b6d9-802e048ef277.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: 2018-05-09
Reporting Person: Thornberry Richard G (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-10 | Common Stock | M | 19869 | — | Acquired | 61397 | Direct |
| 2018-05-10 | Common Stock | F | 8539 | $15.88 | Disposed | 52858 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-09 | Restricted Stock Unit - Time Vested | $0 | A | 66920 | Acquired | Common Stock (66920) | Direct | |
| 2018-05-09 | Restricted Stock Units - Performance Award | $0 | A | 150240 | Acquired | Common Stock (150240) | Direct | |
| 2018-05-10 | Restricted Stock Unit - Time Vested Award | $0 | M | 19869 | Disposed | Common Stock (19869) | Direct |
Footnotes
F1: Represents shares of common stock acquired upon the vesting of one-third of time-vested RSUs granted on May 10, 2017.
F2: Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the vesting of one-third of the time-vested RSUs granted May 10, 2017.
F3: Each RSU represents a contingent right to receive one share of common stock.
F4: Vesting of time-based RSUs occurs pro rata on each of the first, second and third anniversaries of the date of grant. The time-vested RSUs have no voting or dividend rights.
F5: Each performance-based RSU represents a contingent right to receive one share of common stock. The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. The performance-based RSUs have no voting or dividend rights.
F6: Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 300,480 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Payouts are generally subject to a one-year holding period after vesting.
F7: Not Applicable