RADIAN GROUP INC — Director's Dealing 2019

May 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2019-05-09

Reporting Person: Brummer Derek (Sr. EVP and Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-09	Common Stock	M	4660	—	Acquired	82310	Direct
2019-05-09	Common Stock	F	2141	$22.68	Disposed	80169	Direct
2018-05-10	Common Stock	M	3808	—	Acquired	83977	Direct
2018-05-10	Common Stock	F	1750	$22.89	Disposed	82227	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-09	Restricted Stock Unit - Time Vested Award	$0	M	4660	Disposed		Common Stock (4660)	Direct
2019-05-10	Restricted Stock Unit - Time Vested Award	$0	M	3808	Disposed		Common Stock (3808)	Direct

Footnotes

F1: Represents shares of common stock acquired upon the vesting of one-third of time-vested RSUs granted on May 9, 2018.

F2: Represents shares of common stock acquired upon the vesting of one-third of time-vested RSUs granted on May 10, 2017.

F3: 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 9, 2018.

F4: 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.

F5: Each RSU represents a contingent right to receive one share of common stock.

F6: 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.

F7: Not Applicable.