0000890926-18-000041.txt : 20180511
0000890926-18-000041.hdr.sgml : 20180511
20180511161919
ACCESSION NUMBER: 0000890926-18-000041
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180509
FILED AS OF DATE: 20180511
DATE AS OF CHANGE: 20180511
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: 18827131
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: 1500 MARKET STREET
STREET 2: 19TH FLOOR, WEST TOWER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
BUSINESS PHONE: 2155646600
MAIL ADDRESS:
STREET 1: 1500 MARKET ST
STREET 2: 19TH FLOOR, WEST TOWER
CITY: PHILADELPHIA
STATE: PA
ZIP: 19102
FORMER COMPANY:
FORMER CONFORMED NAME: CMAC INVESTMENT CORP
DATE OF NAME CHANGE: 19960126
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2018-05-09
0000890926
RADIAN GROUP INC
RDN
0001578586
Brummer Derek
RADIAN GROUP INC.
1500 MARKET ST
PHILADELPHIA
PA
19102
0
1
0
0
Sr. EVP and Chief Risk Officer
Common Stock
2018-05-10
4
M
0
3808
0
A
78068
D
Common Stock
2018-05-10
4
F
0
1750
15.88
D
76318
D
Restricted Stock Unit - Time Vested Award
0
2018-05-09
4
A
0
14120
A
2019-05-09
Common Stock
14120
14120
D
Restricted Stock Units -Performance Award
0
2018-05-09
5
A
0
31690
A
2021-05-09
Common Stock
31690
31690
D
Restricted Stock Unit - Time Vested Award
0
2018-05-10
4
M
0
3808
D
2018-05-10
Common Stock
3808
7732
D
Represents shares of common stock acquired upon the vesting of one-third of time-vested RSUs granted on May 10, 2017.
Pursuant to the terms of the Company's equity incentive plan, represents shares withheld by the Company to satisfy the tax liability incurred upon the vesting of one-third of the time-vested RSUs granted May 10, 2017.
Each RSU represents a contingent right to receive one share of common stock.
Vesting of time-based RSUs occurs pro rata on each of the first, second and third anniversaries of the date of grant. The time-vested RSUs have no voting or dividend rights.
Each performance-based RSU represents a contingent right to receive one share of common stock. The number of reported performance-based RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. The performance-based RSUs have no voting or dividend rights.
Vesting of the performance-based RSUs occurs on the third anniversary of the grant date (between 0 and 63,380 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Payouts are generally subject to a one-year holding period after vesting.
Not Applicable.
Edward J. Hoffman /s/, Edward J. Hoffman as Power of Attorney
2018-05-11