Sec Form 4 Filing - FILIPPS FRANK P @ RADIAN GROUP INC - 2005-03-24

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person FILIPPS FRANK P 2. Issuer Name and Ticker or Trading Symbol RADIAN GROUP INC [ RDN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman and CEO (Last) (First) (Middle) RADIAN GROUP INC., 1601 MARKET STREET 3. Date of Earliest Transaction (MM/DD/YY) 03/24/2005 (Street) PHILADELPHIA, PA19103 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 205,947 D common stock 4,139 I 401K stock fund

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 Dividend Equivalent $ 0 03/24/2005 03/25/2005 A 11.6852 06/30/2005 02/08/2015 Common Stock 11.6852 ( 2 ) 11.6852 D Phantom stock unit $ 0 ( 1 ) 06/30/2005 02/08/2015 Common stock 27,898.3261 27,898.3261 D stock option $ 45.95 02/10/2005 02/10/2014 common stock 70,000 70,000 D Stock Option $ 16.25 01/21/1999 01/21/2007 Common Stock 13,380 13,380 D Stock Option $ 26.4688 12/02/1999 12/02/2007 Common Stock 25,000 25,000 D Stock Option $ 20.3125 01/19/2001 01/19/2009 Common Stock 42,500 42,500 D Stock Option $ 21.0313 01/18/2002 01/18/2010 Common Stock 60,000 60,000 D Stock Option $ 27.1875 01/22/2003 01/22/2011 Common Stock 58,668 101,332 D Stock Option $ 38 01/21/2002 01/21/2007 Common Stock 7,114 7,114 D Stock Option $ 38 01/21/2002 12/22/2005 Common Stock 20,789 20,789 D Stock Option $ 35.81 11/06/2002 11/06/2011 Common Stock 108,000 108,000 D Stock Option $ 35.79 01/30/2004 01/30/2013 Common Stock 125,000 125,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FILIPPS FRANK P RADIAN GROUP INC. 1601 MARKET STREET PHILADELPHIA, PA19103 X Chairman and CEO Signatures Howard S. Yaruss Howard S. Yaruss (POA) Atty-in-fact 03/29/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )1-for-1 ( 2 )N/A

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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