X0202 4 2007-07-31 0 0000935724 PMI GROUP INC PMI 0001219804 LOFE DONALD P JR THE PMI GROUP, INC. 3003 OAK ROAD WALNUT CREEK CA 94597 0 1 0 0 EVP & Chief Financial Officer Phantom Stock 0.00 2007-07-31 4 A 0 229 34.07 A 2007-07-31 2007-07-31 Common Stock 229 10122 D 1-for-1 conversion. Phantom stock units include 46 employer match units and are to be settled in cash or shares on the payment date determined under The PMI Group, Inc. Officer Deferred Compensation Plan. Immediately exercisable, except for employer match units that are subject to a 3-year vesting period. Phantom stock units are to be settled on the payment date determined under The PMI Group, Inc. Officer Deferred Compensation Plan. /s/ Donald P. Lofe, Jr. 2007-08-02