SEC Form 4 · accession 0001562180-18-000400
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Zandi
Director
Period of report
Jan 22, 2018
Accepted (ET)
Jan 23, 2018 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876437
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF1,F4,F2,F3,F5,F6 | — | Jan 22, 2018 | A | 6,325 | A | Feb 1, 2019 | — | Common Stock | 6,325 | 57,440 | 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.
- F4These 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.
- F5These Share Units awarded on this transaction date are settled in cash ten business days after February 1, 2019 unless a qualified election for later distribution is made by the reporting person.
- F6These Share Units do not expire on a fixed date, except that the Share Units awarded on this transaction date and on January 23, 2017 are settled in cash ten business days after February 1, 2019 and 2018, 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 power of attorney previously filed.