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4//SEC Filing

Theobald Scott 4

Accession 0000890926-11-000039

CIK 0000890926other
View on SEC.govCompany Profile

Filed

Jun 12, 8:00 PM ET

Accepted

Jun 13, 3:31 PM ET

Size

9.8 KB

Accession

0000890926-11-000039

Insider Transaction Report

Form 4
Period: 2011-06-09
RADIAN GROUP INCRDN
Theobald Scott
Senior Vice President, Risk
Transactions
  • Award

    Restricted Stock Units - Performance Rights

    2011-06-09+68,950→ 68,950 total
    Exercise: $0.00Exp: 2018-06-09→ Common Stock (68,950 underlying)
  • Award

    Stock Option

    2011-06-09+28,260→ 28,260 total
    Exercise: $3.58From: 2014-06-19Exp: 2018-06-09→ Common Stock (28,260 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    29,062
Footnotes (4)
  • [F1]Not Applicable.
  • [F2]Non-Qualified Stock Option: Vesting is 50% on the third anniversary of the grant and 50% on the fourth anniversary of the grant, provided that Radian's common stock has closed at 25% above the exercise price of the option for 10 consecutive trading days at any point on or after the third anniversary of the grant.
  • [F3]Performance Based Restricted Stock Units ("RSUs"): Vesting is 100% at the end of the three year performance period, with a potential payout ranging from 0% to 200% of the target award based on Radian's total stockholder return ("TSR") over the three year performance period relative to the median TSR of Radian's primary competitors and the companies listed on the NASDAQ Financial Index. TSR is measured generally as (i) the change in market value of common stock during the period, plus dividends, (ii) divided by the 20 day trading average preceding and including the RSU grant date . The RSUs have no voting or dividend rights and will be settled in cash.
  • [F4]The number of RSUs reported (68,950) represents the target award. As discussed in Footnote 3 above, at the end of the performance period, the participant may earn between 0 and 137,900 RSUs, based on the relative performance of Radian's TSR.

Documents

1 file

Issuer

RADIAN GROUP INC

CIK 0000890926

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Entity typeother

Related Parties

1
  • filerCIK 0001442633

Filing Metadata

Form type
4
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 3:31 PM ET
Size
9.8 KB
View on SEC.gov