SEC Form 4 · accession 0000876437-15-000028

MGIC INVESTMENT CORP · MTG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Mark Zandi

Director

Period of report

Feb 13, 2015

Accepted (ET)

Feb 17, 2015 · 11:14 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000876437

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Share Units^{F1,F2,F3,F4,F5}	—	Feb 13, 2015	C	11,862	D	Feb 1, 2015	—	Common Stock	11,862	11,136	D

Explanation of responses

F1The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person.
F2These Share Units do not have a specified dollar-denominated exercise or conversion price. (Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.)
F3These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
F4The converted Share Units were subject to certain restrictions and vested on February 1, 2015 when such restrictions lapsed.
F5These Share Units do not expire on a fixed date. Under certain circumstances, the Share Units are subject to forfeiture if the reporting person ceases to be a Director of the Issuer before the lapse of restrictions on the Share Units.

Remarks

This Form 4 is being signed and filed on behalf of the reporting person by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.