AI assistant
MBIA INC — Director's Dealing 2015
Dec 31, 2015
33087_dirs_2015-12-31_1b7ec5d0-7f72-4a37-a5a2-c16bc17c59ad.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2015-12-31
Reporting Person: BROWN JOSEPH W (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-31 | Common Stock | S | 30000 | $6.4935 | Disposed | 3733637 | Direct |
Footnotes
F1: Shares of Common Stock of MBIA Inc. (the "Company") sold in open market transactions. Mr. Brown advised the Company that the shares were sold for tax planning and liquidity in connection with 750,000 shares of restricted stock that vested on December 31, 2015.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.48 - $6.51, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3: Balance reflects adjustment for retirement plan shares.