MBIA INC — Director's Dealing 2011

Oct 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2011-10-03

Reporting Person: KEARNEY DANIEL P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-03	Hypothetical Stock Units	$6.84	A	9393.275	Acquired		Common Stock (9393.275)	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.