MBIA INC 4
4 · MBIA INC · Filed Feb 12, 2004
Insider Transaction Report
Form 4
MBIA INCMBI
DUNTON GARY C
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (Right to buy)
2004-02-10$64.84/sh−200,000$12,968,000→ 200,000 totalExercise: $64.84From: 2004-02-10Exp: 2014-02-10→ Common Stock (200,000 underlying) - Award
Common Stock
2004-02-10$64.84/sh+28,532$1,850,015→ 164,550 total
Footnotes (2)
- [F1]Restricted Stock Award granted pursuant to 16b-3 exemption.
- [F2]Vesting in years 1 to 3; if at any time during the years 1 to 9 the stock has traded at $70 per share for ten consecutive trading days(the "Trading Target"), the options would immediately vest in full but no sooner that the third anniversary date; if the Trading Target is not met in years 1 to 9, then the options would vest in full on the ninth anniversary date.