MBIA INC — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2016-02-12

Reporting Person: McKiernan Anthony (EVP & Chief Portfolio Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-12	Common Stock	M	50000	$4.02	Acquired	564591	Direct
2016-02-12	Common Stock	F	38566	$6.43	Disposed	526025	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-12	Common Stock	$4.02	M	50000	Disposed	2016-02-12	Common Stock (50000)	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.