Sec Form 4 Filing - KAMARCK MARTIN @ RADIAN GROUP INC - 2005-06-21

Insider filing report for Changes in Beneficial Ownership
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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
KAMARCK MARTIN
2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President of Enhance Financial
(Last) (First) (Middle)
RADIAN GROUP, 1601 MARKET STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/21/2005
(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 890 D
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 06/21/2005 A 4.2445 01/01/2007 01/15/2007 Common Stock 4.2445 ( 2 ) 8.433 D
Phantom Stock Unit $ 0 ( 1 ) ( 3 ) 01/01/2007 01/15/2007 Common Stock 10,000 10,000 D
stock option $ 48.39 02/08/2006 02/08/2012 Common Stock 20,800 20,800 D
stock option $ 45.95 02/10/2005 02/10/2014 common stock 28,000 28,000 D
stock option $ 49.4318 04/01/2000 04/01/2009 Common stock 0 4,404 D
stock option $ 49.4318 04/01/2000 04/01/2009 Common stock 0 17,954 D
stock option $ 37.358 12/31/2000 12/31/2009 Common stock 0 17,600 D
stock option $ 31.8182 12/31/2001 12/31/2010 Common stock 21,998 0 D
stock option $ 35.81 11/06/2002 11/06/2011 common stock 0 30,000 D
stock option $ 35.79 01/30/2004 01/30/2013 common stock 0 45,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KAMARCK MARTIN
RADIAN GROUP
1601 MARKET STREET
PHILADELPHIA, PA19103
President of Enhance Financial
Signatures
Howard S. Yaruss Howard S. Yaruss (POA) Atty-in-fact 06/23/2005
Signature of Reporting Person Date
Explanation of Responses:
( 1 )1-for-1
( 2 )n/a
( 3 )Grant made pursuant to a Retention Agreement entered into between the Company and Mr. Kamarck. The terms of the Retention Agreement were filed in an 8-K on February 14, 2005.

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