SEC Form 4 · accession 0001562180-17-000364
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 5:20 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 | holding | — | — | — | 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 UnitsF2,F5,F3,F4,F6,F7 | — | Jan 23, 2017 | A | 9,606 | A | Feb 1, 2018 | — | Common Stock | 9,606 | 27,274 | D |
Explanation of responses
- F1This total includes 11,504.3259 shares of the Issuer's common stock held by the reporting person in an individual retirement account.
- 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 are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- F5These 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.
- F6These Share Units awarded on this transaction date are settled in cash ten business days after February 1, 2018 unless a qualified election for later distribution is made by the reporting person.
- F7These Share Units do not expire on a fixed date, except that the Share Units awarded on this transaction, date and on January 25, 2016 are settled in cash ten business days after February 1, 2018 and 2017, respectively, 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.