SEC Form 3 · accession 0000890926-18-000067
RADIAN GROUP INC · RDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Quigley
Officer — Sr. Vice President, Controller
Period of report
Nov 15, 2018
Accepted (ET)
Nov 20, 2018 · 11:27 am EST
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 stock | holding | — | — | — | 699 | D | ||
| Common stock | holding | — | — | — | 5,084 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option - Performance Award | $13.99 | holding | — | — | — | May 14, 2016 | May 13, 2023 | Common stock | 2,740 | — | D |
| Stock Option - Performance AwardF2 | $15.44 | holding | — | — | — | Jun 17, 2017 | Jun 16, 2024 | Common stock | 2,470 | — | D |
| Stock Option - Performance AwardF2 | $18.42 | holding | — | — | — | Jul 9, 2018 | Jul 8, 2025 | Common stock | 2,050 | — | D |
| Stock Option - Performance AwardF2 | $12.16 | holding | — | — | — | May 11, 2019 | May 10, 2026 | Common stock | 3,100 | — | D |
| Restricted Stock Units - Performance AwardF1,F3 | $0.00 | holding | — | — | — | May 11, 2019 | — | Common stock | 4,170 | — | D |
| Restricted Stock Units - Performance AwardF1,F3 | $0.00 | holding | — | — | — | May 10, 2020 | — | Common stock | 4,660 | — | D |
| Restricted Stock Units - Performance AwardF1,F4 | $0.00 | holding | — | — | — | May 9, 2021 | — | Common stock | 5,650 | — | D |
| Restricted Stock Units - Time Vested AwardF5,F1 | $0.00 | holding | — | — | — | May 9, 2019 | — | Common stock | 2,830 | — | D |
| Restricted Stock Units - Time Vested AwardF1 | $0.00 | holding | — | — | — | Dec 20, 2020 | — | Common stock | 2,500 | — | D |
| Restricted Stock Units - Time Vested AwardF6,F1 | $0.00 | holding | — | — | — | May 10, 2018 | — | Common stock | 1,615 | — | D |
| Restricted Stock Units - Time Vested AwardF1 | $0.00 | holding | — | — | — | May 11, 2019 | — | Common stock | 2,470 | — | D |
Explanation of responses
- F1N/A
- F2In each case, options scheduled to vest in two equal installments on each of the third and fourth anniversaries of the applicable date of grant, provided that the options will vest only if the closing price of the Company's common stock meets the applicable stock price hurdle for ten consecutive days ending on or after the third anniversary of the applicable date of grant.
- F3Performance-based RSUs are scheduled to vest on the applicable date exercisable. In each case, the performance-based RSUs have a potential payout ranging from 0% to 200% of the RSUs scheduled to vest, subject to a maximum cap of six times the value of the award on the grant date.
- F4Vesting of the performance-based RSUs occurs on the applicable date exercisable (between 0 and 11,300 shares), subject to the Company's cumulative growth in "LTI Book Value" per share (as defined in the grant document).
- F5The award was granted on May 9, 2018 and the award vests proportionately on the first, second and third anniversary of grant.
- F6The award was granted on May 10, 2017 and the award vests proportionately on the first, second and third anniversary of grant. One-third of the award vested on May 10, 2018. Shares reported outstanding are unvested and reflect the remaining two-thirds of the shares granted.