0000890926-16-000113.txt : 20160513
0000890926-16-000113.hdr.sgml : 20160513
20160513183337
ACCESSION NUMBER: 0000890926-16-000113
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160511
FILED AS OF DATE: 20160513
DATE AS OF CHANGE: 20160513
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
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: 161650049
MAIL ADDRESS:
STREET 1: RADIAN GROUP INC.
STREET 2: 1601 MARKET ST
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-05-11
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
12.16
2016-05-11
4
A
0
5160
A
2019-05-11
2026-05-11
Common Stock
5160
5160
D
Restricted Stock Units -Performance Rights (stock Settled)
0
2015-07-09
5
A
0
12610
A
2020-05-11
Common Stock
12610
12610
D
Non-Qualified Stock Options: 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 least 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 Performance Based Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Radian Group Inc. common stock. The number of reported RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. The RSUs have no voting or dividend rights.
Not Applicable.
Vesting of the RSUs occurs on the third anniversary of the grant date, with payouts generally subject to a one year holding period after vesting. 50% of the award (representing between 0 and 12,610 shares) will vest based on the relative performance of Radian's total stockholder return against a designated peer group and the other 50% of the award (representing between 0 and 12,610 shares) will vest based on Radian's cumulative growth in Radian's "Tangible Book Value" (as defined in the grant document).
Edward J. Hoffman /s/, Edward J. Hoffman (POA) Atty-in-fact
2016-05-13