SEC Form 4 · accession 0001562180-17-001144
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Mar 4, 2017
Accepted (ET)
Mar 7, 2017 · 1:16 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 | Mar 4, 2017 | F | 40,970 | $10.66 | D | 1,533,139 | D | |
| Common StockF1 | Mar 4, 2017 | D | 11,480 | — | D | 1,521,659 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF5,F2,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 11,504 | 12,696 | I |
| Share UnitsF6,F2,F7,F8 | — | holding | — | — | — | — | — | Common Stock | 9,606 | 9,606 | D |
Explanation of responses
- F1These shares were forfeited back to the Issuer and no price was paid or received.
- F2The 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.
- F3These derivative securities may be exercised at any time.
- F4These derivative securities do not have any expiration date.
- F5Balance as of December 31, 2016
- F6The 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.
- F7These 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.)
- F8These Share Units do not expire on a fixed date, except that the Share Units are settled in cash, generally within ten business days after February 1st in the year after which they were awarded, 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.