RADIAN GROUP INC — Director's Dealing 2018

May 11, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2018-05-09

Reporting Person: Ray Eric (Sr. Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-09	Restricted Stock Unit - Time Vested Award	$0	A	11510	Acquired		Common Stock (11510)	Direct
2018-05-09	Restricted Stock Units -Performance Award	$0	A	25830	Acquired		Common Stock (25830)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of common stock.

F2: 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.

F3: 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.

F4: Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 51,660 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.

F5: N/A