WINSTON-SALEM, N.C., Dec. 15 /PRNewswire-FirstCall/ -- Triad Guaranty Inc.
(Nasdaq GS: TGIC) announced today that William T. Ratliff, III, Chairman of
the Company's Board of Directors, established a pre-arranged stock trading
plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934,
as amended. Rule 10b5-1 permits, among other things, individuals who are not
in possession of material, non-public information at the time the plan is
adopted to establish pre-arranged plans to buy or sell company stock.
Mr. Ratliff has authorized the sale of up to 42,250 shares of the
Company's common stock. The plan remains in effect until the earlier of the
completion of the sale of 42,250 shares, or until November 17, 2009.
As of the date of this press release, Mr. Ratliff currently has beneficial
ownership of 3,294,622 shares of the Company's common stock, or approximately
21.8% of the total shares outstanding. If all common stock eligible for sale
under the plan is sold, Mr. Ratliff will still beneficially own approximately
21.5% of the Company's current outstanding common stock.
In adopting his plan, Mr. Ratliff advised the Company that his decision to
sell a small portion of his shares was to facilitate personal financial and
tax planning.
Any transactions under the Rule 10b5-1 plan will be disclosed through Form
144 and Form 4 filings with the Securities and Exchange Commission.
About Triad Guaranty Insurance Corporation
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer pursuing a voluntary run-off of
its existing in-force book of business. For more information, please visit
the company's web site at www.triadguaranty.com
Certain of the statements contained in this release are "forward-looking
statements" and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include estimates
and assumptions related to economic, competitive, regulatory, operational and
legislative developments. These forward-looking statements are subject to
change, uncertainty and circumstances that are, in many instances, beyond our
control and they have been made based upon our current expectations and
beliefs concerning future developments and their potential effect on us.
Actual developments and their results could differ materially from those
expected by us, depending on the outcome of a number of factors, including our
ability to complete the run-off of our existing in-force book of business, the
possibility of general economic and business conditions that are different
than anticipated, legislative, regulatory and other similar developments, the
appointment of FHFA as the conservator of Fannie Mae and Freddie Mac, our
ability to satisfy the continued listing requirements of the NASDAQ stock
market, changes in interest rates, the housing market, the mortgage industry
and the stock market, as well as the factors described under "Risk Factors"
and under "Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995" in our Annual Report on Form 10-K for the year ended
December 31, 2007 and in other reports and statements that we file with the
Securities and Exchange Commission. Forward-looking statements are based upon
our current expectations and beliefs concerning future events and we undertake
no obligation to update or revise any forward-looking statements to reflect
the impact of circumstances or events that arise after the date the
forward-looking statements are made.
