SEC Form 4 · accession 0001562180-17-000355
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory A. Chi
Officer — SVP-Chief Information Officer
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 5:04 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 StockF1,F2 | Jan 23, 2017 | A | 15,488 | $0.00 | A | 197,799 | D | |
| Common StockF3,F2 | Jan 23, 2017 | A | 23,232 | $0.00 | A | 221,031 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1One-third of these Share Units vest on February 10 of each of the three years beginning in 2018, subject to the reporting person's continued employment with the Issuer.
- F2These share units were awarded to the reporting person pursuant to the Issuer's 2015 Omnibus Incentive Plan and no price was paid by the reporting person for the share units.
- F3These share units are subject to certain restrictions, and vest when such restrictions lapse. Partial vesting of these share units occurs on March 4 of each of the three years beginning in 2018, based on certain performance standards. If it is not possible to determine whether the performance standards have been met on any particular vesting date, the vesting date will be extended until such determination can be made. Any of these share units which have not vested when the final vesting is determined in 2020 will be forfeited.
Remarks
This Form 4 is being submitted and signed by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.