RADIAN GROUP INC 4
4 · RADIAN GROUP INC · Filed May 13, 2016
Insider Transaction Report
Form 4
Bryce Teresa
President of operating subsidi
Transactions
- Award
Stock Option - Performance Award
2016-05-11+25,760→ 25,760 totalExercise: $12.16From: 2019-05-11Exp: 2026-05-11→ Common Stock (25,760 underlying) - Award
Restricted Stock Units -Performance Award (stock settled)
2016-05-11+63,020→ 63,020 totalExercise: $0.00From: 2020-05-11→ Common Stock (63,020 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 63,020 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 63,020 shares will vest based on Radian's cumulative growth in Radian's "Tangible Book Value" (as defined in the grant document).