0000890926-12-000047.txt : 20120608 0000890926-12-000047.hdr.sgml : 20120608 20120608161639 ACCESSION NUMBER: 0000890926-12-000047 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120606 FILED AS OF DATE: 20120608 DATE AS OF CHANGE: 20120608 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Altman Richard CENTRAL INDEX KEY: 0001442632 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 12898066 MAIL ADDRESS: STREET 1: RADIAN GROUP STREET 2: 1601 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RADIAN GROUP INC CENTRAL INDEX KEY: 0000890926 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 232691170 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1601 MARKET STREET STREET 2: 12TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2155646600 MAIL ADDRESS: STREET 1: 1601 MARKET ST STREET 2: 12TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: CMAC INVESTMENT CORP DATE OF NAME CHANGE: 19960126 4 1 edgar.xml PRIMARY DOCUMENT X0305 4 2012-06-06 0000890926 RADIAN GROUP INC RDN 0001442632 Altman Richard RADIAN GROUP 1601 MARKET STREET PHILADELPHIA PA 19103 0 1 0 0 Exec Vice President Stock Option - Performance Award 2.45 2012-06-06 4 A 0 52220 A 2015-06-06 2022-06-06 Common Stock 52220 52220 D Restricted Stock Units -Performance Award 0 2012-06-06 5 A 0 94940 A Common Stock 94940 94940 D Non-Qualified Stock Option: Vesting is 50% on or after the third anniversary of the grant and 50% on or after the fourth anniversary of the grant, provided that Radian's common stock has closed at 100% above the exercise price of the option for 10 consecutive trading days ending at any point on or after the third anniversary of the grant. Not applicable. Performance Based Restricted Stock Units ("RSUs"): Vesting is 100% at the end of the three year performance period, with a potential payout ranging from 0% to 200% of the target award based on Radian's absolute and relative total stockholder return ("TSR") over the three year performance period. Radian's relative TSR will be measured against the median TSR of a peer group consisting mainly of the companies listed on the NASDAQ Financial Index. Radian's absolute TSR will be applied to determine the maximum number of RSUs that may be awarded, with the grantee being eligible to receive a 100% payout only if Radian achieves a 150% absolute TSR. TSR is measured generally as the change in market value of common stock during the performance period, plus dividends, as measured by comparing (x) the 20 day average trading price preceding and including the RSU date of grant, to (y) the 20 day average trading price preceding and including the last day of the performance period. The RSUs have no voting or dividend rights and will be settled in cash. The number of RSUs reported (94,940) represents the target award. As discussed in Footnote 3 above, at the end of the performance period, the grantee may earn between 0 and 189,880 RSUs, based on the relative and absolute performance of Radian's TSR. Edward J. Hoffman /s/, Edward J. Hoffman (POA) Atty-in-fact 2012-06-08