SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MOORE RONALD W

(Last)

(First)

(Middle)

1601 MARKET STREET

(Street)

PHILADELPHIA

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. Date of Earliest Transaction (Month/Day/Year)
07/27/2005

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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/27/2005		M		2,000	A	$12.1875	4,000	D
Common Stock	07/27/2005		S		2,000	A	$51.15	2,000	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 (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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
dividend equivalent rights⁽³⁾	$0⁽²⁾							02/08/2015⁽²⁾	02/08/2015⁽²⁾	common stock	3.4686		38.8914	D
phantom stock unit	$0⁽²⁾							02/08/2015	02/08/2015	common stock	2,015		2,015	D
phantom stock unit	$0⁽²⁾							02/10/2014	02/10/2014	common stock	2,122		2,122	D
stock option	$12.1875	07/27/2005		M			2,000	11/06/1997	11/06/2005	common stock	2,000	⁽¹⁾	3,000	D
stock option	$20.3125							01/19/2001	01/19/2009	common stock	2,400		2,400	D
Phantom Stock Unit	$0⁽²⁾							04/13/2009	04/13/2009	common stock	800		800	D
Phantom Stock Unit	$0⁽²⁾							12/17/2009	12/17/2009	common stock	800		800	D
stock option	$21.0313							01/18/2001	01/18/2010	common stock	2,400		2,400	D
Phantom Stock Unit	$0⁽²⁾							12/05/2010	12/05/2010	common stock	800		800	D
stock option	$27.1875							01/22/2002	01/22/2011	common stock	2,400		2,400	D
stock option	$35.81							11/06/2002	11/06/2011	common stock	2,400		2,400	D
Phantom Stock Unit	$0⁽²⁾							11/06/2011	11/06/2011	common stock	800		800	D
stock option	$35.79							01/30/2004	01/30/2013	common stock	2,400		2,400	D
Phantom Stock Unit	$0⁽²⁾							01/30/2013	01/30/2013	common stock	800		800	D

Explanation of Responses:

1. not applicable to the transaction

2. 1-for-1

3. dividend equivalent rights accrued on phantom stock units and become exercisable proportionately with the options to which they relate.

Remarks:

	Howard S. Yaruss Howard S. Yaruss (POA) Atty-in-fact	06/23/2005
	** 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.
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