SEC Form 4 · accession 0001562180-18-000425
MGIC INVESTMENT CORP · MTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Dec 26, 2017
Accepted (ET)
Jan 24, 2018 · 4:53 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,F3 | Dec 26, 2017 | G | 336,000 | — | D | 1,177,005 | I | By a Trust |
| Common StockF4 | holding | — | — | — | 11,504 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF5,F8,F6,F7,F9 | — | Jan 22, 2018 | A | 6,325 | A | Feb 15, 2019 | — | Common Stock | 6,325 | 15,931 | D |
Explanation of responses
- F1These shares were gifted from a trust through which the reporting person held an indirect ownership. On previous filings, these shares were incorrectly reported as held directly.
- F2This transaction was a gift and no price was received or paid for this transaction.
- F3These shares are held indirectly through the trust referred to in footnote 1, some of which were previously incorrectly reported as held directly. In addition, due to a previous administrative error, this amount reflects 100.3259 fewer shares than previously reported.
- F4These shares are held in the reporting person's individual retirement account.
- 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 Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- F8These 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.
- F9These Share Units awarded on this transaction date are settled in cash ten business days after the following February 1st 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.