4//SEC Filing
CORSO CLIFFORD D 4
Accession 0000814585-10-000026
CIK 0000814585other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 5:29 PM ET
Size
26.1 KB
Accession
0000814585-10-000026
Insider Transaction Report
Form 4
MBIA INCmbi
CORSO CLIFFORD D
Executive Vice President
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−7,000→ 0 totalExercise: $52.81Exp: 2012-02-07→ Common Stock (7,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−6,345→ 0 totalExercise: $48.58Exp: 2010-12-12→ Common Stock (6,345 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−7,000→ 0 totalExercise: $64.84Exp: 2014-02-10→ Common Stock (7,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−30,000→ 0 totalExercise: $58.84Exp: 2015-02-16→ Common Stock (30,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−350,000→ 0 totalExercise: $4.02Exp: 2016-02-12→ Common Stock (350,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−7,000→ 0 totalExercise: $36.69Exp: 2013-02-12→ Common Stock (7,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−60,000→ 0 totalExercise: $55.60Exp: 2014-06-09→ Common Stock (60,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2010-05-07−400,000→ 0 totalExercise: $12.50Exp: 2015-03-28→ Common Stock (400,000 underlying)
Footnotes (9)
- [F1]Options granted on 12/12/2000 with 5 year gradual vesting: 40% on second anniversary, 20% each on third, fourth and fifth anniversary of grant date.
- [F2]Stock options cancelled in connection with an award to the reporting person of equity participation units in Cutwater Holdings, LLC under the Cutwater Asset Management Equity Participation Plan, adopted by the Board of Managers of Cutwater Holdings, LLC on May 7, 2010. A total of 867,345 stock options as reported herein were cancelled, having an estimated aggregate value of $1,711,900. The reporting person received an estimated value of $2,450,500 of equity participation units in Cutwater Holdings, LLC (reflecting the estimated value of the reporting person's cancelled stock options and a long-term equity incentive award for the 2009 performance year).
- [F3]Options granted on 2/7/2002 with 5 year gradual vesting: 40% on second anniversary, 20% each on third, fourth and fifth anniversary of grant date.
- [F4]Options granted 2/12/2003 with 5 year gradual vesting: 40% on second anniversary, 20% each on third, fourth and fifth anniversary of grant date.
- [F5]Option granted on 2/10/2004 with 5 year gradual vesting: 40% on second anniversary, 20% each on third, fourth and fifth anniversary of grant date.
- [F6]Options granted on 6/9/2004 with 5 year cliff vesting: 100% on fifth anniversary of grant date.
- [F7]Options granted 2/16/2005 with 5 year gradual vesting: 40% on second anniversary, 20% each on third, fourth and fifth anniversary of grant date.
- [F8]Options granted 3/28/2008. Performance based award which vests in incremental amounts based on share price. Vested options are exercisable from 3/28/2013 to 3/28/2015.
- [F9]Options granted 2/12/2009 with 5 year cliff vesting: 100% on fifth anniversary of grant date.
Issuer
MBIA INC
CIK 0000814585
Entity typeother
Related Parties
1- filerCIK 0001259964
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 5:29 PM ET
- Size
- 26.1 KB