0000890926-13-000046.txt : 20130516
0000890926-13-000046.hdr.sgml : 20130516
20130516191645
ACCESSION NUMBER: 0000890926-13-000046
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130514
FILED AS OF DATE: 20130516
DATE AS OF CHANGE: 20130516
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jackson Catherine Mary
CENTRAL INDEX KEY: 0001434825
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11356
FILM NUMBER: 13852882
MAIL ADDRESS:
STREET 1: RADIAN GROUP INC.
STREET 2: 1601 MARKET ST
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
X0306
4
2013-05-14
0000890926
RADIAN GROUP INC
RDN
0001434825
Jackson Catherine Mary
RADIAN GROUP INC.
1601 MARKET STREET
PHILADELPHIA
PA
19103
0
1
0
0
SVP, Chief Accounting Officer
Stock Option -Performance Award
13.99
2013-05-14
4
A
0
4570
A
2016-05-14
2023-05-14
Common Stock
4570
4570
D
Restricted Stock Units -Performance Rights (stock Settled)
2013-05-14
5
A
0
7190
A
Common Stock
7190
7190
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 25% 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 date.
Each Restricted Stock Unit represents a contingent right to receive one share of Radian Group Inc. common stock.
Not Applicable.
Performance Based Restricted Stock Units ("RSUs"): Vesting occurs on the third anniversary of the grant date, 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, subject to a maximum cap (the "Maximum Cap") of 6 times the value of award on the grant date. 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 target payout only if Radian achieves an absolute TSR of at least 25% and a maximum payout of 200% of target only if Radian achieves an absolute TSR of at least 75%. 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.
The number of RSUs reported (7,190) represents the target award. As discussed in Footnote 4 above, at the end of the performance period the grantee may earn between 0% and 200% of the target award, subject to the Maximum Cap, based on the relative and absolute performance of Radian's TSR.
Edward J. Hoffman /s/, Edward J. Hoffman (POA) Atty-in-fact
2013-05-16