X0303 4 2009-01-08 0 0000935724 PMI GROUP INC PMI 0001298081 Berkowitz Joanne Margaret THE PMI GROUP, INC. 3003 OAK ROAD WALNUT CREEK CA 94597 0 1 0 0 EVP Common Stock 2009-01-08 4 M 0 7838 A 7838 D Common Stock 2009-01-08 4 D 0 7721 2.70 D 117 D Phantom Stock 2009-01-08 4 M 0 7721 D 2009-01-08 2009-01-08 Common Stock 7721 1214 D Phantom Stock 2009-01-08 4 M 0 117 D 2009-01-08 2009-01-08 Common Stock 117 1097 D Each share of phantom stock has the economic equivalent of one share of PMI common stock. The reporting person settled 7,721 shares of phantom stock for an equal number of shares of PMI stock and settled 117 shares of phantom stock for cash pursuant to The PMI Group, Inc. Officers Deferred Compensation Plan. Reporting person's indirect holdings consist of 420 shares (210 of which are by spouse) of Common Stock equivalents under The PMI Group, Inc. Savings and Profit-Sharing Plan. /s/ Joanne M. Berkowitz 2009-01-12