GAUDIANI CLAIRE L 4
4 · MBIA INC · Filed May 2, 2012
Insider Transaction Report
Form 4
MBIA INCMBI
GAUDIANI CLAIRE L
Director
Transactions
- Exercise/Conversion
Common Stock
2012-05-01+15,721→ 59,660 total - Exercise/Conversion
Hypothetical Stock Units
2012-05-01−15,721→ 0 total→ Common Stock (15,721 underlying)
Footnotes (4)
- [F1]Stock issued pursuant to conversion of Hypothetical Stock Units under Directors' Deferred Compensation Plan resulting from termination of status as a Director.
- [F2]Each Hypothetical Stock Unit is the economic equivalent of one share of MBI common stock.
- [F3]Disposition of Hypothetical Stock Units through conversion to common stock issued upon termination of status as a Director.
- [F4]Exercisable and expiration dates of units is date of termination or Reporting Person's status as a Director which triggers payment.