Edward J. Hoffman - 12 May 2021 Form 4 Insider Report for RADIAN GROUP INC (RDN)

Role
Sr. EVP, General Counsel
Signature
/s/ Edward J. Hoffman
Issuer symbol
RDN
Transactions as of
12 May 2021
Net transactions value
-$224,019
Form type
4
Filing time
14 May 2021, 21:26:17 UTC
Previous filing
12 May 2021
Next filing
18 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDN Common Stock Options Exercise $27,024 +11,030 +8.9% $2.45* 135,459 12 May 2021 Direct F1
transaction RDN Common Stock Sale $251,043 -11,030 -8.1% $22.76 124,429 12 May 2021 Direct F1
transaction RDN Common Stock Options Exercise $0 +9,609 +7.7% $0.000000 134,038 13 May 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RDN Restricted Stock Units - Time Vested Award Award +21,740 21,740 12 May 2021 Common Stock 21,740 $0.000000 Direct F3, F4, F7
transaction RDN Restricted Stock Units - Performance Award Award +36,370 36,370 12 May 2021 Common Stock 36,370 $0.000000 Direct F3, F5, F6, F7
transaction RDN Performance Stock Options Options Exercise -11,030 -33% 22,060 12 May 2021 Common stock 11,030 $2.45 Direct F1, F7
transaction RDN Restricted Stock Units - Time-based Award Options Exercise -9,609 -33% 19,511 13 May 2021 Common Stock 9,609 $0.000000 Direct F2, F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise and sale of performance-based stock options pursuant to a 10b5-1 trading plan.
F2 Vesting of one-third of the time-based RSUs granted on May 13, 2020.
F3 Each RSU represents a contingent right to receive one share of common stock.
F4 Vesting of the time-based RSUs occurs pro rata on each of the first, second and third anniversaries of May 15, 2021.
F5 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.
F6 Vesting of the performance-based RSUs occurs on May 15, 2024 (between 0 and 72,740 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). Distribution of shares is generally subject to a one-year holding period after vesting.
F7 Not Applicable.