Statement of Changes in Beneficial Ownership (4)

Date : 01/29/2020 @ 6:26PM
Source : Edgar (US Regulatory)
Stock : MGIC Investment Corp (MTG)
Quote : 5.8  0.2 (3.57%) @ 10:30PM
After Hours
Last Trade
Last $ 5.90 ▲ 0.10 (1.72%)

Statement of Changes in Beneficial Ownership (4)

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
                                                                                  
OMB APPROVAL
OMB Number: 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
                      

1. Name and Address of Reporting Person *

Candelmo Robert J
2. Issuer Name and Ticker or Trading Symbol

MGIC INVESTMENT CORP [ MTG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP-Chief Information Officer
(Last)          (First)          (Middle)

250 EAST KILBOURN AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

1/27/2020
(Street)

MILWAUKEE, WI 53202
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/27/2020  A  23760.00 (1)A (2)103479.00 (3)D  
Common Stock 1/27/2020  A  15840.00 (4)A (2)119319.00 (3)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Partial vesting of these restricted stock units ("RSUs") will occur on February 28 of each of three years beginning in 2021 to the extent, if any, the performance goal to which they are subject is met. It if it not possible to determine whether the performance goal has been met on such vesting date, the vesting date generally shall be extended until such determination can be made. Any of these RSUs that have not vested on April 15, 2023 shall be forfeited.
(2) These RSUs were awarded to the reporting person pursuant to the Issuer's 2015 Omnibus Incentive Plan and no price was paid by the reporting person for them.
(3) Of these shares, 14,598 shares are held jointly with his spouse.
(4) One-third of these RSUs will vest on February 10 of each of the three years beginning in 2021, subject to the reporting person's continued employment with the Issuer.

Remarks:
This Form 4 is being signed by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Candelmo Robert J
250 EAST KILBOURN AVENUE
MILWAUKEE, WI 53202


SVP-Chief Information Officer

Signatures
Martha F. Tsuchihashi, Attorney-in-Fact1/29/2020
**Signature of Reporting PersonDate

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