MBIA INC — Director's Dealing 2015

May 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2015-05-06

Reporting Person: KEARNEY DANIEL P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-06	Common Stock	M	3491	$8.51	Acquired	109794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-06	Hypothetical Stock Units	$0	M	3491	Disposed		Common Stock (3491)	Direct

Footnotes

F1: In connection with the Reporting Person's termination of status as a Non-employee Director, 3,491 Hypothetical Stock Units acquired under the MBIA Inc. Amended and Restated Deferred Compensation and Stock Ownership Plan for Non-employee Directors were converted to 3,491 shares of MBIA Inc. Common Stock.