4//SEC Filing
Theobald Scott 4
Accession 0000890926-12-000052
CIK 0000890926other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 4:30 PM ET
Size
9.4 KB
Accession
0000890926-12-000052
Insider Transaction Report
Form 4
Theobald Scott
Senior Vice President, Risk
Transactions
- Award
Stock Option - Performance Award
2012-06-06+54,840→ 54,840 totalExercise: $2.45From: 2015-06-06Exp: 2022-06-06→ Common Stock (54,840 underlying) - Award
Restricted Stock Units - Performance Rights
2012-06-06+99,690→ 99,690 totalExercise: $0.00→ Common Stock (99,690 underlying)
Footnotes (4)
- [F1]Non-Qualified Stock Option: Vesting is 50% on or after the third anniversary of the grant and 50% on or after the fourth anniversary of the grant, provided that Radian's common stock has closed at 100% above the exercise price of the option for 10 consecutive trading days ending at any point on or after the third anniversary of the grant.
- [F2]Not Applicable.
- [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 absolute and relative total stockholder return ("TSR") over the three year performance period. Radian's relative TSR will be measured against the median TSR of a peer group consisting mainly of the companies listed on the NASDAQ Financial Index. Radian's absolute TSR will be applied to determine the maximum number of RSUs that may be awarded, with the grantee being eligible to receive a 100% payout only if Radian achieves a 150% absolute TSR. TSR is measured generally as the change in market value of common stock during the performance period, plus dividends, as measured by comparing (x) the 20 day average trading price preceding and including the RSU date of grant, to (y) the 20 day average trading price preceding and including the last day of the performance period. The RSUs have no voting or dividend rights and will be settled in cash.
- [F4]The number of RSUs reported (99,690) represents the target award. As discussed in Footnote 3 above, at the end of the performance period, the grantee may earn between 0 and 199,380 RSUs based on the relative and absolute performance of Radian's TSR.
Documents
Issuer
RADIAN GROUP INC
CIK 0000890926
Entity typeother
Related Parties
1- filerCIK 0001442633
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 4:30 PM ET
- Size
- 9.4 KB