0000890926-19-000038.txt : 20190516 0000890926-19-000038.hdr.sgml : 20190516 20190516162750 ACCESSION NUMBER: 0000890926-19-000038 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190514 FILED AS OF DATE: 20190516 DATE AS OF CHANGE: 20190516 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McMahon Brien CENTRAL INDEX KEY: 0001723148 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 19832604 MAIL ADDRESS: STREET 1: 1500 MARKET ST., WEST TOWER STREET 2: #2050 CITY: PHILADELPHIA STATE: PA ZIP: 19102 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 2019-05-14 0000890926 RADIAN GROUP INC RDN 0001723148 McMahon Brien RADIAN GROUP INC. 1500 MARKET STREET PHILADELPHIA PA 19102 0 1 0 0 Sr.EVP/Chief Franchise Officer Common Stock 2019-05-14 4 M 0 1863 0 A 23751 D Common Stock 2019-05-14 4 F 0 1863 22.36 D 21888 D Restricted Stock Units - Time Vested Award 0 2019-05-15 4 A 0 11100 A 2020-05-15 Common Stock 11100 11100 D Restricted Stock Units - Performance Award 0 2019-05-15 5 A 0 24390 A 2022-05-15 Common Stock 24390 24390 D Restricted Stock Unit - Performance Award 0 2019-05-14 4 M 0 1863 D 2019-05-11 Common Stock 1863 48052 D 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 49,915 Performance based RSUs granted May 11, 2016. Represents the total RSUs vested (net of shares withheld for taxes pursuant to the Company's equity plan) based on performance of the May 11, 2016 RSU award. These vested RSUs are subject to a one-year holding period after vesting and will be converted into shares on May 11, 2020. These RSUs do not have dividend or voting rights until converted into shares. 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-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 48,780 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document). The RSUs are generally subject to a one-year holding period after vesting. 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 occured on the third anniversary of the grant date based on satisfaction of perforrmance metrics, subject to the certification of these results on May 14, 2019. Not Applicable. Edward J. Hoffman, /s/ Edward J. Hoffman (POA) Atty-in-fact 2019-05-16