SEC Form 4 · accession 0000876437-16-000134
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 12:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876437
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 1,700,003 | D | ||
| Common Stock | holding | — | — | — | 40,000 | I | By Family Trust | |
| Common StockF1 | holding | — | — | — | 12,696 | I | By Issuer's Profit Sharing and Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF2,F3,F4 | — | Feb 16, 2016 | D | 9,949 | D | — | — | Common Stock | 9,949 | 17,668 | D |
Explanation of responses
- F1Balance as of December 31, 2015.
- F2The 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.
- F3These 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.)
- F4These Share Units do not expire on a fixed date, except that the Share Units are settled in cash ten business days after February 1st in the year after they were granted, unless a qualified election for later distribution is made by the reporting person.
Remarks
This Form 4 is being signed by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.