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: Quigley Robert (Sr. Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-09	Common Stock	M	934	—	Acquired	1633	Direct
2019-05-09	Common Stock	F	289	$22.68	Disposed	1344	Direct
2019-05-10	Common Stock	M	795	—	Acquired	2139	Direct
2019-05-10	Common Stock	F	246	$22.89	Disposed	1893	Direct
2019-05-11	Common Stock	M	2470	—	Acquired	4363	Direct
2019-05-11	Common Stock	F	765	$22.89	Disposed	3598	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-09	Restricted Stock Units - Time Vested Award	$0	M	934	Disposed		Common Stock (934)	Direct
2019-05-10	Restricted Stock Units - Time Vested Award	$0	M	795	Disposed		Common Stock (795)	Direct
2019-05-11	Restricted Stock Units - Time Vested Award	$0	M	2470	Disposed		Common Stock (2470)	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: Represents shares of common stock acquired upon the cliff vesting of time-vested RSUs granted on May 11, 2016.

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 9, 2018.

F5: 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.

F6: 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 the time-vested RSUs granted May 11, 2016.

F7: Each RSU represents a contingent right to receive one share of common stock.

F8: 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.

F9: Vesting of time-based RSUs occurs on the third anniversary of the date of grant. The time-vested RSUs have no voting or dividend rights.

F10: Not Applicable.