MGIC INVESTMENT CORP 4
4 · MGIC INVESTMENT CORP · Filed Feb 20, 2014
Insider Transaction Report
Form 4
CARR CASSANDRA C
Director
Transactions
- Conversion
Share Units
2014-02-14$8.60/sh−3,374.844$29,024→ 11,862.396 totalFrom: 2014-02-01→ Common Stock (3,374.844 underlying)
Footnotes (5)
- [F1]The 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.
- [F2]These Share Units do not have a specified dollar-denominated exercise or conversion price. (Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.)
- [F3]These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- [F4]The converted Share Units were subject to certain restrictions and vested on February 1, 2014 when such restrictions lapsed.
- [F5]These Share Units do not expire on a fixed date. Under certain circumstances, the Share Units are subject to forfeiture if the reporting person ceases to be a Director of the issuer before the lapse of restrictions on the Share Units.