| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/16/2005 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 11/16/2005 | M | 5,100 | A | $11.0625 | 37,827 | D | |||
| Common Stock | 11/16/2005 | S | 5,100(6) | D | $55 | 32,727 | D | |||
| Common Stock | 6,089(1) | I | By 401K Stock Fund | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Dividend Equivalent(5) | $0 | 01/01/2007 | 01/15/2007 | Common Stock | 3.8435 | 12.2765 | D | ||||||||
| Phantom Stock Unit(4) | $0(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 | 12,700 | 12,700 | D | ||||||||
| stock option | $45.95 | 02/10/2005 | 02/10/2014 | common stock | 20,000 | 20,000 | D | ||||||||
| Stock Option | $11.0625 | 11/16/2005 | M | 5,100 | 12/22/1995 | 12/22/2005 | Common Stock | 5,100 | (2) | 0 | D | ||||
| Stock Option | $16.25 | 01/21/1999 | 01/21/2007 | Commoon Stock | 30,000 | 30,000 | D | ||||||||
| Stock Option | $26.4688 | 12/02/1999 | 12/02/2007 | Commoon Stock | 23,000 | 23,000 | D | ||||||||
| Stock Option | $20.3125 | 01/19/2001 | 01/19/2009 | Common Stock | 32,000 | 32,000 | D | ||||||||
| Stock Option | $21.0313 | 01/18/2002 | 01/18/2010 | Common Stock | 34,000 | 34,000 | D | ||||||||
| Stock Option | $27.1875 | 01/22/2002 | 01/22/2011 | Common Stock | 40,000 | 40,000 | D | ||||||||
| Stock Option | $35.81 | 11/06/2002 | 11/06/2011 | Common Stock | 29,970 | 29,970 | D | ||||||||
| Stock Option | $35.79 | 01/30/2004 | 01/30/2013 | Common Stock | 30,000 | 30,000 | D | ||||||||
| Explanation of Responses: |
| 1. Represents current holdings in the Radian Group 401K stock fund. This number has been updated to reflect the current balance. This number is approximate due to the nature of the stock fund and the amount of cash vs. stock owned by the fund. |
| 2. N/A |
| 3. 1-for-1 |
| 4. Grant made pursuant to a Retention Agreement entered into between the Company and Mr. Quint. The terms of the Retention Agreement were filed in an 8-K on February 14, 2005. |
| 5. dividend equivalent rights accrued on phantom stock units and become exercisable proportionately with the options to which they relate. |
| 6. Sold pursuant to a 10b5-1 Trading Plan. |
| Remarks: |
| Howard S. Yaruss Howard S. Yaruss (POA) Atty-in-fact | 11/16/2005 | |
| ** 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. | ||
| 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. | ||