SEC Form 4 · accession 0001562180-17-000459
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Edward Chaplin
Director
Period of report
Feb 1, 2017
Accepted (ET)
Feb 1, 2017 · 4:37 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 | — | — | — | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF1,F2,F3,F4,F5 | — | Feb 1, 2017 | C | 19,214 | D | Feb 1, 2017 | — | Common Stock | 19,214 | 52,347 | 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.
- F4The converted Share Units were subject to certain restrictions and vested on February 1, 2017 when such restrictions lapsed.
- F5These Share Units do not expire on a fixed date. Under certain circumstances, the Share Units are subject to forfeiture if the reporting person ceases to be a Director of the Issuer before the lapse of restrictions on the Share Units
Remarks
This Form 4 is being signed and submitted on behalf of the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.