4//SEC Filing
RADIAN GROUP INC 4
Accession 0000890926-16-000111
$RDNCIK 0000890926operating
Filed
May 12, 8:00 PM ET
Accepted
May 13, 6:25 PM ET
Size
9.2 KB
Accession
0000890926-16-000111
Insider Transaction Report
Form 4
Ibrahim Sanford A
DirectorChief Executive Officer
Transactions
- Award
Stock Option - Performance Award
2016-05-11+106,910→ 106,910 totalExercise: $12.16From: 2019-05-11Exp: 2026-05-11→ Common Stock (106,910 underlying) - Award
Restricted Stock Units -Performance Award (stock settled)
2016-05-11+261,520→ 261,520 totalExercise: $0.00From: 2020-05-11→ Common Stock (261,520 underlying)
Footnotes (4)
- [F1]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.
- [F2]Each Performance Based Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Radian Group Inc. common stock. The number of reported RSUs represents the target award, with grantees having the potential to earn a number of shares up to 200% of the target award. The RSUs have no voting or dividend rights.
- [F3]Not Applicable.
- [F4]Vesting of the RSUs occurs on the third anniversary of the grant date, with payouts generally subject to a one year holding period after vesting. 50% of the award (representing between 0 and 261,520 shares will vest based on the relative performance of Radian's total stockholder return against a designated peer group and the other 50% of the award (representing between 0 and 261,520 shares will vest based on Radian's cumulative growth in "Tangible Book Value" (as defined in the grant document).
Documents
Issuer
RADIAN GROUP INC
CIK 0000890926
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000890926
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 6:25 PM ET
- Size
- 9.2 KB