MBIA INC — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2012-01-03

Reporting Person: KEARNEY DANIEL P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Hypothetical Stock Units	$12.53	A	638.468	Acquired		Common Stock (638.468)	Direct

Footnotes

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

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