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Filing Details

Accession Number:: 0000876437-10-000046
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-19 13:00:00
Reporting Period:: 2009-01-07

Filing Date:: 2010-04-19
Accepted Time:: 2010-04-19 15:58:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
876437	Mgic Investment Corp	MTG	Surety Insurance (6351)	391486475

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1156092	E Michael Lehman	C/O Mgic Investment Corporation 250 East Kilbourn Avenue Milwaukee WI 53202		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2009-01-07	1,300	$4.00	9,099	No	4	P	Direct
Common Stock	Acquisiton	2009-10-16	2,270	$6.39	11,369	No	4	P	Direct
Common Stock	Acquisiton	2009-11-19	700	$4.41	12,069	No	4	P	Direct
Common Stock	Acquisiton	2009-11-23	940	$4.38	13,009	No	4	P	Direct
Common Stock	Disposition	2010-03-02	940	$7.82	12,069	No	4	S	Direct
Common Stock	Disposition	2010-03-24	360	$9.30	11,709	No	4	S	Direct
Common Stock	Disposition	2010-03-24	630	$9.30	11,079	No	4	S	Direct
Common Stock	Disposition	2010-03-31	590	$11.08	10,489	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Share Units	Disposition	2010-04-15	32,258	$12.31	32,258	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,533			No	4	M	Direct

Footnotes

The transactions reported in Table I were effected on behalf of the reporting person by an unrelated investment adviser to whom the reporting person had given investment discretion. The transactions by the adviser in the Issuer's stock were effected without the prior approval of the reporting person as part of a program of investing the assets managed by the adviser. They involved a relatively small number of the total transactions effected by the adviser for the reporting person's account. The short swing profit resulting from these transactions has been computed by the Issuer to be in the amount of Ten Thousand Two Hundred Fifty-Five Dollars and Twenty-Two Cents ($10,255.22), and such amount has been paid by the reporting person to the Issuer pursuant to a written agreement between the reporting person and the Issuer.
The Form 4 reports filed by the reporting person after the date of this particular transaction, but before the date this Form 4 was filed, did not take this particular transaction into account and, consequently, did not properly reflect the amount of securities then beneficially owned by the reporting person.
Balance as of April 19, 2010, but without taking into account subsequent transactions set forth below in this Table I.
Final balance as of April 19, 2009.
The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person. The Share Units are settled in cash, generally at the time the reporting person ceases to be a Director of the Issuer, unless a qualified election for earlier distribution is made by the reporting person.
These Share Units do not have a specified dollar-denominated exercise or conversion price. (Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.)
These Share Units are subject to certain restrictions, and vest when such restrictions lapse. The restrictions generally lapse one year after the Share Units were awarded.
These Share Units do not expire on a fixed date. Under certain circumstances, the Share Units are subject to forfeiture if the reporting person ceases to be a Director of the issuer before the lapse of restrictions on the Share Units.