X0306 4 2017-06-19 0 0000814585 MBIA INC mbi 0001105209 GILBERT STEVEN J C/O MBIA INC 1 MANHATTANVILLE ROAD, SUITE 301 PURCHASE NY 10577 1 0 0 0 Common Stock 2017-06-19 4 P 0 50000 8.96 A 132073 D Common Stock 2017-06-21 4 P 0 37033 8.72 A 169106 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.94 to $8.97, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.69 to $8.72, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. /S/Jonathan C. Harris, Attorney-in-fact 2017-06-21