SEC Form 4/A · accession 0000890926-15-000047
RADIAN GROUP INC · RDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Sanford A Ibrahim
Officer — Chief Executive Officer · Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 12, 2015 · 2:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890926
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 5, 2015 | M | 679,940 | $0.00 | A | 860,334 | D | |
| Common StockF2 | Jun 5, 2015 | D | 679,940 | $17.97 | D | 180,394 | D | |
| Common StockF3 | holding | — | — | — | 500,000 | I | By Trust (for the benefit of Reporting Person's family member) | |
| Common Stock | holding | — | — | — | 12,095 | I | 401K stock fund |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (cash-settled)F1,F4 | $0.00 | Jun 5, 2015 | M | 679,940 | A | Jun 5, 2015 | Jun 5, 2015 | Common Stock | 679,940 | 0 | D |
Explanation of responses
- F1Represents the vesting (at the maximum of 116.85% of target for Mr. Ibrahim) and automatic cash settlement of performance-based Restricted Stock Units granted June 6, 2012. Performance for this award was measured based on the Issuer's total stockholder return (TSR) on an absolute basis and as compared to the median TSR of MGIC Investment Corporation and the companies listed on the NASDAQ 100 Financial Index..
- F2Pursuant to an election under the deferred compensation plan, Mr. Ibrahim previously elected to defer receipt of the value of the RSUs to a future date.
- F3Transaction involved a gift of shares to a trust for the benefit of a member of the Reporting Person's family. The Reporting Person retains voting and investment control over the gifted shares and therefore, the 500,000 shares remain beneficially owned by the Reporting Person.
- F4N/A