MGIC INVESTMENT CORP 4
4 · MGIC INVESTMENT CORP · Filed Jan 28, 2015
Insider Transaction Report
Form 4
CARR CASSANDRA C
Director
Transactions
- Award
Share Units
2015-01-26+11,135.858→ 22,998.254 totalFrom: 2016-02-01→ Common Stock (11,135.858 underlying)
Footnotes (6)
- [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 are subject to certain restrictions and vest on February 1, 2016 when such restrictions lapse.
- [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.
- [F6]These 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.