MBIA INC — Director's Dealing 2012

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2012-05-01

Reporting Person: RINEHART CHARLES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock	A	9570	$10.45	Acquired	70989	Direct

Footnotes

F1: Restricted stock granted on May 1, 2012 at a price of $10.45 per share subject to 10 year cliff vesting; no vesting until 10 year anniversary of grant. On May 1, 2022, entire grant of restricted stock vests.