PMI GROUP INC|4Feb 7, 1:55 PM ET

PMI GROUP INC 4

4 · PMI GROUP INC · Filed Feb 7, 2007

Form 4

Period: 2007-02-06

Sr EVP, GC & Secretary

Transactions

Exercise/Conversion
Common Stock
2007-02-06$36.63/sh+1,535$56,227→ 0 total
Sale
Common Stock
2007-02-06$51.00/sh−1,535$78,285→ 0 total
Exercise/Conversion
Employee Stock Option
2007-02-06−1,594→ 0 total
Exercise: $34.69From: 2007-02-06Exp: 2007-02-11→ Common Stock (1,594 underlying)
Exercise/Conversion
Employee Stock Option
2007-02-06−1,535→ 0 total
Exercise: $36.63From: 2007-02-06Exp: 2007-02-11→ Common Stock (1,535 underlying)
Exercise/Conversion
Common Stock
2007-02-06$34.69/sh+1,594$55,296→ 0 total
Sale
Common Stock
2007-02-06$51.10/sh−1,594$81,453→ 30,851 total

Footnotes (4)

[F1]See last row of Table I for total.
[F2]Reporting person's direct holdings include (i) 25,000 shares of restricted common stock, and (ii) 223 shares acquired under The PMI Group, Inc. Employee Stock Purchase Plan, a Rule 16b-3 Plan. Reporting person's indirect holdings consist of 915 shares of Commmon Stock under The PMI Group, Inc. Savings and Profit-Sharing Plan.
[F3]Granted under The PMI Group, Inc. Equity Incentive Plan, exempt under Rule 16b-3. Stock options are immediately exercisable on the date of the grant.
[F4]Not applicable. Granted under The PMI Group, Inc. Equity Incentive Plan, exempt under Rule 16b-3.

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