MBIA INC — Director's Dealing 2010

May 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2010-05-04

Reporting Person: VAUGHAN RICHARD C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-04	Common Stock	A	7772	$9.65	Acquired	32050	Direct

Footnotes

F1: Restricted stock granted on May 4, 2010 at a price of $9.65 per share subject to 10 year cliff vesting; no vesting until 10 year anniversary of grant. On May 4, 2020, entire grant of restricted stock vests.