SEC Form 4 · accession 0000890926-17-000012
RADIAN GROUP INC · RDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sanford A Ibrahim
Officer — Chief Executive Officer · Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890926
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit - Performance basedF1,F2 | $0.00 | Mar 3, 2017 | A | 123,496 | A | Mar 3, 2018 | Mar 3, 2022 | Common Stock | 123,496 | 123,496 | D |
Explanation of responses
- F1Performance-based RSUs granted pursuant to Mr. Ibrahim's previously disclosed Retirement Agreement, entered into on February 8, 2017. The RSUs will vest in full if the closing price of the Company's common stock on the New York Stock Exchange for any ten consecutive trading days during the performance period commencing ten trading days prior to the first anniversary of the grant date and ending on the fifth anniversary of the grant date equals or exceeds 120% of the grant date share price (the "Stock Price Hurdle"). The RSUs will be forfeited if the Stock Price Hurdle is not met by the fifth anniversary of the grant date.
- F2Not Applicable.