SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0362
Estimated average burden
hours per response: 1.0
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Form 3 Holdings Reported.
X
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
CULANG HOWARD BERNARD
(Last) (First) (Middle)
RADIAN GROUP INC.
1601 MARKET STREET
(Street)
PHILADELPHIA PA 19103
(City) (State) (Zip)
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
Officer (give title below) Other (specify below)
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 11/15/2002 P4(1)(2) 64.32 A $34.4 111.76 I Owned by JH Investment Partners LP
Common Stock 11/29/2002 P4(1)(2) 47.44 A $38.9 111.76 I Owned by JH Investment Partners LP
Common Stock 01/16/2003 P4(1)(2) 16.08 A $40.9 135.88 I Owned by JH Investment Partners LP
Common Stock 01/28/2003 P4(1)(2) 8.04 A $37.05 135.88 I Owned by JH Investment Partners LP
Common Stock 02/17/2004 P4(1)(2) 24.12 A $45.29 160 I Owned by JH Investment Partners LP
Common Stock 04/26/2005 P4(1)(2) 16.08 A $43.9 224.32 I Owned by JH Investment Partners LP
Common Stock 04/28/2005 P4(1)(2) 8.04 A $45.66 224.32 I Owned by JH Investment Partners LP
Common Stock 05/02/2005 P4(1)(2) 8.04 A $44.11 224.32 I Owned by JH Investment Partners LP
Common Stock 05/05/2005 P4(1)(2) 16.08 A $44.99 224.32 I Owned by JH Investment Partners LP
Common Stock 05/11/2005 P4(1)(2) 8.04 A $46.42 224.32 I Owned by JH Investment Partners LP
Common Stock 07/22/2005 P4(1)(2) 8.04 A $49.05 224.32 I Owned by JH Investment Partners LP
Common Stock 01/04/2006 S4(1)(2) 8.04 D $60.21 216.28 I Owned by JH Investment Partners LP
Common Stock 02/06/2007 S4(1)(2) 48.24 D $66.47 0 I Owned by JH Investment Partners LP
Common Stock 03/12/2007 P4(1)(2) 8.04 A $56.47 0 I Owned by JH Investment Partners LP
Common Stock 03/13/2007 P4(1)(2) 8.04 A $56.54 0 I Owned by JH Investment Partners LP
Common Stock 03/14/2007 P4(1)(2) 8.04 A $55.36 0 I Owned by JH Investment Partners LP
Common Stock 03/15/2007 P4(1)(2) 8.04 A $55.39 0 I Owned by JH Investment Partners LP
Common Stock 07/16/2007 P4(1)(2) 8.04 A $53.54 0 I Owned by JH Investment Partners LP
Common Stock 07/17/2007 P4(1)(2) 8.04 A $53.61 0 I Owned by JH Investment Partners LP
Common Stock 07/30/2007 S4(1)(2) 48.24 D $40.3 0 I Owned by JH Investment Partners LP
Common Stock 07/31/2007 S4(1)(2) 34.57 D $34.15 0 I Owned by JH Investment Partners LP
Common Stock 08/02/2007 S4(1)(2) 16.88 D $29.05 0 I Owned by JH Investment Partners LP
Common Stock 08/03/2007 S4(1)(2) 40.2 D $25.96 0 I Owned by JH Investment Partners LP
Common Stock 08/06/2007 S4(1)(2) 56.28 D $23.21 0 I Owned by JH Investment Partners LP
Common Stock 08/07/2007 S4(1)(2) 20.1 D $23.7 0 I Owned by JH Investment Partners LP
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reporting person is a member of JH Capital Management LLC, a limited liability company, that serves as general partner of JH Investment Partners LP. The reporting person is also an individual limited partner of the limited partnership. The limited partnership has traded in Radian Group Inc. ("Radian") securities. The limited partnership entered into an Investment Management Agreement with an independent advisor through which the investment advisor exercised full discretionary authority with respect to investment decisions on behalf of the limited partnership. Neither the reporting person nor any of the partners of the limited partnership exercised any control over the investment decisions. The number of securities reported as acquired or disposed of in this Form represents the reporting person's proportionate interest in the holdings of the limited partnership.
2. The reporting person brought the transactions reported in this Form to the attention of Radian when he understood that such transactions might be subject to Section 16 under the Securities Exchange Act. The reporting person paid $635.88 to Radian as disgorgement of any short-swing profits that resulted from transactions reported herein in 2006 and 2007 as required by Section 16(b) of the Securities Exchange Act.
Remarks:
C. Robert Quint /s/ C. Robert Quint (power of attorney) 02/14/2008
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.