RADIAN GROUP INC 4

4 · RADIAN GROUP INC · Filed May 13, 2016

Form 4

Period: 2016-05-11

SVP, Chief Accounting Officer

Transactions

Award
Restricted Stock Units -Performance Rights (stock Settled)
2015-07-09+12,610→ 12,610 total
Exercise: $0.00From: 2020-05-11→ Common Stock (12,610 underlying)
Award
Stock Option -Performance Award
2016-05-11+5,160→ 5,160 total
Exercise: $12.16From: 2019-05-11Exp: 2026-05-11→ Common Stock (5,160 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 12,610 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 12,610 shares) will vest based on Radian's cumulative growth in Radian's "Tangible Book Value" (as defined in the grant document).

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