MBIA INC — Director's Dealing 2019

Mar 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MBIA INC (MBI)
CIK: 0000814585
Period of Report: 2019-03-05

Reporting Person: Harris Jonathan C. (General Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-05	Common Stock	F	1184	$10.65	Disposed	459237	Direct
2019-03-05	Common Stock	A	16432	—	Acquired	475669	Direct
2019-03-05	Common Stock	A	25808	—	Acquired	501477	Direct
2019-03-06	Common Stock	F	740	$10.68	Disposed	500737	Direct

Footnotes

F1: Represents shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.

F2: Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).

F3: Restricted Stock grated pursuant to long-term incentive award under 16b-3 exemption. The shares issued are the target number of performance-based restricted stock that may be earned (in a range of 0% to 200% of the target number of shares issued) based on the achievement of a certain performance metric as of December 31, 2021. Any shares that are not earned on such date will be forfeited. The shares that are earned on such date will vest in one-third increments on each of the third, fourth and fifth anniversaries of the date of grant, subject to certain continued service conditions.