SEC Form 4 · accession 0001562180-17-000642
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 2:57 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 | Feb 10, 2017 | F | 12,122 | $11.12 | D | 1,574,109 | D | |
| Common Stock | holding | — | — | — | 40,000 | I | By a Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF4,F1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 11,504 | 12,696 | I |
| Share UnitsF5,F6,F7 | — | holding | — | — | — | — | — | Common Stock | 27,274 | 27,274 | D |
Explanation of responses
- F1The conversion price varies with the price of the Issuer's common stock. At any given time, the conversion price is equal to the closing price of the Issuer's common stock on the New York Stock Exchange on the previous trading day.
- F2These derivative securities may be exercised at any time.
- F3These derivative securities do not have any expiration date.
- F4Balance as of December 31, 2016
- F5The 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.
- F6These 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.)
- F7These Shares 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 they were granted, 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.