SEC Form 4 · accession 0001562180-18-000418
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J. Hughes
Officer — Executive VP-Sales & Bus. Dev
Period of report
Jan 22, 2018
Accepted (ET)
Jan 24, 2018 · 4:42 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,F2 | Jan 22, 2018 | A | 105,600 | $0.00 | A | 256,893 | D | |
| Common Stock | holding | — | — | — | 97,658 | 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 StockF6,F3,F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 610 | 674 | I |
Explanation of responses
- F1These shares shall vest on February 28, 2021 to the extent, if any, the performance goal to which they are subject is met. If it is not possible to determine whether the performance goal has been met on such vesting date, the vesting date will generally be extended until such determination can be made. Any of these share units which have not vested on February 28, 2021 will be forfeited.
- F2These share units were awarded to the reporting person pursuant to the Issuer's 2015 Omnibus Incentive Plan and no price was paid by the reporting person for the share units.
- F3The 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.
- F4These derivative securities may be exercised at any time.
- F5These derivative securities do not have any expiration date.
- F6Balance as of December 31, 2017
Remarks
This Form 4 is being signed by the reporting person's attorney-in-fact pursuant to a previously filed power of attorney.