CORSO CLIFFORD D 4
4 · MBIA INC · Filed Feb 12, 2009
Insider Transaction Report
Form 4
MBIA INCMBI
CORSO CLIFFORD D
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2009-02-10−22,617→ 43,665 total - Award
Employee Stock Option (right to buy)
2009-02-12$4.02/sh+350,000$1,407,000→ 350,000 totalExercise: $4.02From: 2014-02-12Exp: 2016-02-12→ Common Stock (350,000 underlying)
Footnotes (3)
- [F1]Represents 0 (zero) vesting of previously granted restricted stock award as determined by the Compensation and Organization Committee of the Company's Board of Directors on February 10, 2009 based on 0 (zero) growth rate in Modified Book Value of the Company during the period 1/1/06 to 12/31/08.
- [F2]Balance reflects adjustment for 401(K) shares.
- [F3]Options granted pursuant to the Company's 2005 Omnibus Incentive Plan. The options vest in their entirety on the fifth anniversary of the grant date and expire on the seventh anniversary of the grant date.