4//SEC Filing
RADIAN GROUP INC 4
Accession 0000890926-15-000052
$RDNCIK 0000890926operating
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 4:29 PM ET
Size
11.0 KB
Accession
0000890926-15-000052
Insider Transaction Report
Form 4
Ibrahim Sanford A
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units -Performance Award (stock settled)
2015-07-09+119,940→ 119,940 totalExercise: $0.00From: 2019-07-09→ Common Stock (119,940 underlying) - Award
Stock Option - Performance Award
2015-07-09+48,090→ 48,090 totalExercise: $18.42From: 2018-07-09Exp: 2025-07-08→ Common Stock (48,090 underlying)
Holdings
- 181,273
Common Stock
Footnotes (6)
- [F1]Includes 879 shares of common stock acquired through the Radian Group Inc. 2008 Employee Stock Purchase Plan, on June 30, 2015.
- [F2]Non-Qualified Stock Options: 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 least 25% 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 date.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of Radian Group Inc. common stock.
- [F4]Not Applicable.
- [F5]Performance Based Restricted Stock Units ("RSUs"): Vesting occurs on the third anniversary of the grant date, with payouts generally subject to a one year holding period after vesting. The potential payout for the award ranges 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, subject to a maximum cap (the "Maximum Cap") of 6 times the value of award on the grant date. Radian's relative TSR will be measured against the median TSR of a designated peer group. Grantee will be eligible to receive a payout of greater than 125% of target only if Radian achieves an absolute TSR of at least 25%, and if Radian's TSR is negative, grantee will be eligible to receive a payout no greater than 50% of target and in certain circumstances, may receive no payout. 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.
- [F6]The number of RSUs reported (119,940) represents the target award. As discussed in Footnote 5 above, at the end of the performance period, the grantee may earn between 0% and 200% of the target award, subject to the Maximum Cap, based on the relative and absolute performance of Radian's TSR.
Documents
Issuer
RADIAN GROUP INC
CIK 0000890926
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000890926
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 4:29 PM ET
- Size
- 11.0 KB