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: HALL J FRANKLIN (Sr. EVP - CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-11	Common Stock	M	3414	—	Acquired	26747	Direct
2020-05-11	Common Stock	F	1071	$14.76	Disposed	25676	Direct
2020-05-11	Common Stock	M	3798	—	Acquired	29474	Direct
2020-05-11	Common Stock	F	1191	$14.76	Disposed	28283	Direct
2020-05-11	Common Stock	M	59789	$0.0	Acquired	88072	Direct
2020-05-11	Common Stock	F	25878	$14.86	Disposed	62194	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	3414	Disposed		Common Stock (3414)	Direct
2020-05-11	Restricted Stock Unit - Time-based Award	$0	M	3798	Disposed		Common Stock (3798)	Direct
2020-05-11	Restricted Stock Units - Performance Award	$0	M	59789	Disposed		Common Stock (59789)	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 59,789 Performance based RSUs granted May 11, 2016.

F7: Includes 792 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.