MBIA INC — Director's Dealing 2016

Dec 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2016-11-29

Reporting Person: Fallon William C (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-29	Common Stock	M	200000	$5.05	Acquired	1240334	Direct
2016-11-29	Common Stock	F	150676	$10.29	Disposed	1089658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-29	Common Stock	$5.05	M	200000	Acquired	2017-03-04	Common Stock (200000)	Direct

Footnotes

F1: Represents shares acquired pursuant to Net Settlement Procedure for exercise of employee stock options.

F2: Balance reflects adjustment for retirement plan shares.

F3: Represents shares forfeited pursuant to Net Settlement Procedure for exercise of employee stock options.