MBIA INC — Director's Dealing 2017

May 15, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2017-05-11

Reporting Person: Schachinger Joseph R. (Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	49177	Direct

Footnotes

F1: Shares acquired prior to status as Reporting Person including a) 14,175 shares held in the Reporting Person's account; b) 2,263 shares of restricted stock granted at $12.78 per share and vesting entirely in March 2018, 4,355 shares of restricted stock granted at $14.99 per share and vesting 50% in March 2018 and 50% in March 2019, 10,451 shares of restricted stock granted at $9.37 per share and vesting in one-third increments in each of March 2018, 2019 and 2020, 8,294 shares of restricted stock granted at $8.44 per share and vesting in one-third increments in March 2019, 2020 and 2021, and 7,307 shares of restricted stock granted at $9.58 per share and vesting in one-third increments in March 2020, 2021 and 2022; and c) 2,332 shares held in the employee 401(k) plan.