SEC Form 4 · accession 0001562180-16-003213
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Zandi
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 4:30 pm EDT
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 UnitsF1,F4,F2,F3,F5 | — | Sep 30, 2016 | A | 4,063 | A | Feb 1, 2017 | — | Common Stock | 4,063 | 55,988 | 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 as 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.
- F4These Share Units were awarded to the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors and no price was paid by the reporting person for the Share Units.
- F5These shares do not expire on a fixed date.
Remarks
This Form 4 is being signed and filed on behalf of the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.