Sec Form 4 Filing - Quigley Robert @ RADIAN GROUP INC - 2020-05-12

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
Quigley Robert
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)
Sr. Vice President, Controller
(Last) (First) (Middle)
RADIAN GROUP INC., 1500 MARKET STREET
3. Date of Earliest Transaction (MM/DD/YY)
05/12/2020
(Street)
PHILADELPHIA, PA19102
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 05/12/2020 M 6,520 ( 1 ) A $ 0 ( 3 ) 16,973 D
Common Stock 05/12/2020 F 2,021 ( 2 ) D $ 13.78 14,952 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
Restricted Stock Unit - Performance Award $ 0 ( 3 ) 05/12/2020 M 6,520 ( 1 ) 05/12/2020( 1 ) ( 4 ) Common Stock 6,520 ( 1 ) ( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Quigley Robert
RADIAN GROUP INC.
1500 MARKET STREET
PHILADELPHIA, PA19102
Sr. Vice President, Controller
Signatures
Edward J. Hoffman /s/, Edward J. Hoffman, (POA) Atty-in-fact 05/14/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the terms of the Company's equity incentive plan, represents vesting of 6,520 performance-based RSUs. Vesting occured 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.
( 2 )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 6,520 performance- based RSUs granted May 10, 2017.
( 3 )Each RSU represents a contingent right to receive one share of common stock.
( 4 )Not Applicable.

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