0000890926-16-000116.txt : 20160513 0000890926-16-000116.hdr.sgml : 20160513 20160513184313 ACCESSION NUMBER: 0000890926-16-000116 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: Brummer Derek CENTRAL INDEX KEY: 0001578586 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 161650088 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 0001578586 Brummer Derek RADIAN GROUP INC. 1601 MARKET ST PHILADELPHIA PA 19103 0 1 0 0 EVP and Chief Risk Officer Stock Option - Performance Award 12.16 2016-05-11 4 A 0 14820 A 2019-05-11 2026-05-11 Common Stock 14820 14820 D Restricted Stock Units -Performance Award (stock settled) 0 2016-05-11 4 A 0 36240 A 2020-05-11 Common Stock 36240 36240 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 36,240 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 36,240 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 as Power of Attorney 2016-05-13