MBIA INC — Director's Dealing 2016

Mar 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2016-03-03

Reporting Person: HAMILTON DOUGLAS C (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-03	Common Stock	A	14503	$8.44	Acquired	128628	Direct
2016-03-04	Common Stock	F	1180	$8.67	Disposed	127448	Direct

Footnotes

F1: Restricted stock granted pursuant to long-term incentive award under 16b-3 exemption. The restricted stock vests in one-third increments on each of the third, fourth, and fifth anniversaries of the date of grant.

F2: Balance reflects adjustment for retirement plan shares.

F3: Represents shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.