RADIAN GROUP INC — Director's Dealing 2020

May 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2020-05-13

Reporting Person: Thornberry Richard G (Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-13	Restricted Stock Units - Time Vested Award	$0.0	A	113410	Acquired		Common Stock (113410)	Direct
2020-05-13	Restricted Stock Units - Performance Award	$0.0	A	201640	Acquired		Common Stock (201640)	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.

F3: Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 403,280 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.

F4: 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.

F5: Not Applicable.