4//SEC Filing
Griffith Robert 4
Accession 0000890926-10-000037
CIK 0000890926other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 1:56 PM ET
Size
9.8 KB
Accession
0000890926-10-000037
Insider Transaction Report
Form 4
Griffith Robert
Chief Operating OfficerOther
Transactions
- Award
Restricted Stock Units -Performance Right
2010-05-12+16,000→ 16,000 totalExercise: $0.00Exp: 2017-05-12→ Common Stock (16,000 underlying) - Award
Stock Option
2010-05-12+19,300→ 19,300 totalExercise: $10.42From: 2013-05-12Exp: 2017-05-12→ Common Stock (19,300 underlying)
Footnotes (4)
- [F1]Non-Qualified stock option : Vesting is 50% at the end of year 3 and 50% at the end of year 4.
- [F2]N/A.
- [F3]Performance Based Restricted Stock Units: Vesting is 100% at the end of year three, with settlement in common shares based on the achievement of total shareholder return ("TSR") performance goals as follows: 50% of the award is eligible for a payment (between 0% and 100%, up to 8,000 shares) based on the Company's relative TSR compared to its peers; and 50% of the award is eligible for a payment (between 0% and 150%, up to 12,000 shares) based on the Company's relative TSR compared to the TSR's of companies included in the S&P 400 index. Upon the occurrence of certain corporate events involving one or more companies included in the Company's peer group, the performance goals for the entire award (between 0% and 150%, up to 24,000 shares) would then be based on the Company's relative TSR compared to the TSR's of companies included in the S&P 400 index. TSR is measured generally as (i) the change in market value of common stock during the period, plus dividends, (ii) divided by the market value of common stock as of the RSU grant date. The RSUs have no voting or dividend rights.
- [F4]The number of RSUs reported (16,000) represents the target award. As discussed in the Footnote above, the number of shares that may be issued upon vesting ranges from 0 shares to 20,000 shares (24,000 shares in the event TSR performance is measured solely gainst the companies included in the S&P 400 index).
Documents
Issuer
RADIAN GROUP INC
CIK 0000890926
Entity typeother
Related Parties
1- filerCIK 0001483927
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 1:56 PM ET
- Size
- 9.8 KB