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: Thornberry Richard G (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-11	Common Stock	M	20472	—	Acquired	118047	Direct
2020-05-11	Common Stock	F	9403	$14.76	Disposed	108644	Direct
2020-05-11	Common Stock	M	22084	—	Acquired	130728	Direct
2020-05-11	Common Stock	F	10143	$14.76	Disposed	120585	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	20472	Disposed		Common Stock (20472)	Direct
2020-05-11	Restricted Stock Unit - Time-based Award	$0	M	22084	Disposed		Common Stock (22084)	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: 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.

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 9, 2018.

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

F6: Not Applicable