RADIAN GROUP INC — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIAN GROUP INC (RDN)
CIK: 0000890926
Period of Report: 2020-05-11

Reporting Person: Brummer Derek (President, Mortgage)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-11	Common Stock	M	3924	—	Acquired	87445	Direct
2020-05-11	Common Stock	F	1803	$14.76	Disposed	85642	Direct
2020-05-11	Common Stock	M	4660	—	Acquired	90302	Direct
2020-05-11	Common Stock	F	2141	$14.76	Disposed	88161	Direct
2020-05-11	Common Stock	M	68765	$0.0	Acquired	156926	Direct
2020-05-11	Common Stock	F	29967	$14.86	Disposed	126959	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-11	Restricted Stock Unit - Time-based Award	$0	M	3924	Disposed		Common Stock (3924)	Direct
2020-05-11	Restricted Stock Unit - Time-based Award	$0	M	4660	Disposed		Common Stock (4660)	Direct
2020-05-11	Restricted Stock Units - Performance Award	$0	M	68765	Disposed		Common Stock (68765)	Direct

Footnotes

F1: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 10, 2017.

F2: Represents shares of common stock acquired upon the vesting of one-third of time-based RSUs granted on May 9, 2018.

F3: Represents shares of common stock that vested on May 11, 2019 and were distributed May 11, 2020 following a one-year post-vest hold.

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-based RSUs granted May 10, 2017.

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-based RSUs granted May 9, 2018.

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 distribution of 68,765 Performance based RSUs granted May 11, 2016.

F7: Includes 1,294 shares of common stock acquired through the Radian Group Inc. Employee Stock Purchase Plan on June 30, 2019 and December 31, 2019.

F8: Each RSU represents a contingent right to receive one share of common stock.

F9: Not Applicable.