Statement of Changes in Beneficial Ownership (4)
May 14 2020 - 5:18PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Brummer Derek |
2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC
[
RDN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, Mortgage |
(Last)
(First)
(Middle)
RADIAN GROUP INC., 1500 MARKET ST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/12/2020 |
(Street)
PHILADELPHIA, PA 19102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/10/2018 | | M | | 1450 (1) | A | $0 (4) | 128409 | D | |
Common Stock | 5/10/2018 | | F | | 1450 (1) | D | $13.78 | 126959 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit - Performance Award | $0 (4) | 5/12/2020 | | M | | | 1450 (1) | 5/12/2020 (3) | (5) | Common Stock | 1450 (1) | (5) | 33345 (2) | D | |
Explanation of Responses: |
(1) | 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 34,795 performance-based RSUs granted May 10, 2017. |
(2) | Represents the total shares vested (net of shares withheld for taxes pursuant to our equity plan) based on performance of performance-based RSU awards granted May 10, 2017. These vested shares remain subject to a one-year post-vest holding period. |
(3) | Vesting occurred on the third anniversary of the grant date based on satisfaction of perforrmance metrics, subject to the certification of these results on May 12, 2020. |
(4) | Each RSU represents a contingent right to receive one share of common stock. |
(5) | Not Applicable. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Brummer Derek RADIAN GROUP INC. 1500 MARKET ST PHILADELPHIA, PA 19102 |
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| President, Mortgage |
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Signatures
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Edward J. Hoffman /s/, Edward J. Hoffman as Power of Attorney | | 5/14/2020 |
**Signature of Reporting Person | Date |
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