MBIA INC — Director's Dealing 2010

Jan 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2010-01-04

Reporting Person: Meyer Laurence H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-04	Hypothetical Stock Units	$4.2	A	6369.048	Acquired		Common Stock (6369.048)	Direct

Footnotes

F1: Contributions credited to units acquired under Directors Deferred Compensation Plan for Retainer and Meeting Fees.

F2: Exercisable and expiration dates of units is date of termination of Reporting Person's status as Director which triggers payment.