MBIA INC — Director's Dealing 2018

Nov 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2018-11-07

Reporting Person: Fine Capital Partners, L.P. (10% Owner)
Reporting Person: Fine Capital Advisors, LLC (10% Owner)
Reporting Person: Fine Debra (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-07	Common Stock, par value $1 per share	S	200000	$10.0903	Disposed	9408930	Indirect
2018-11-08	Common Stock, par value $1 per share	S	150000	$10.0389	Disposed	9258930	Indirect
2018-11-09	Common Stock, par value $1 per share	S	8000	$10.1022	Disposed	9250930	Indirect

Footnotes

F1: The securities reported herein are held in the accounts of private funds. Fine Capital Partners, L.P. may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Fine Capital Advisors, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the general partner of Fine Capital Partners, L.P. Ms. Debra Fine may be deemed to be a beneficial owner of such securities by virtue of her role as the manager of Fine Capital Advisors, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or her pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2: Ms. Debra Fine directly is, as of the date of this report, also the direct owner of certain of the Issuer's shares not reported herein.