MBIA INC — Director's Dealing 2014

May 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2014-05-15

Reporting Person: Shasta Theodore (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-15	Common Stock	A	8584	$11.65	Acquired	65180	Direct

Footnotes

F1: Restricted stock granted on May 15, 2014 at a price of $11.65 per share subject to 10 year cliff vesting; no vesting until 10 year anniversary of grant. On May 15, 2024, entire grant of restricted stock vests.