SEC Form 4 · accession 0000876437-16-000185
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
Curt S Culver
Director
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 4:37 pm EDT
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 StockF1,F7 | Sep 9, 2016 | M | 11,504 | $0.00 | A | 1,586,231 | D | |
| Common Stock | holding | — | — | — | 40,000 | I | By Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Units in Company Stock FundF5,F6 | $8.10 | Sep 9, 2016 | W | 12,696 | D | — | — | Common Stock | 11,504 | 0 | D |
| Share UnitsF2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 17,668 | 17,668 | D |
Explanation of responses
- F1The reporting person converted share units held by him in the Issuer's Profit Sharing and Savings Plan into shares of common stock of the Issuer and then transferred those shares of common stock into his individual retirement account through a rollover transaction.
- 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.
- F5These derivative securities were exercisable at any time.
- F6These derivative securities did not have an expiration date.
- F7This total includes 11,504.3259 shares of the Issuer's commion stock held by the reporting person in an individual retirement account.
Remarks
This Form 4 is being signed by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.