X0206 3 2017-09-15 0 0000814585 MBIA INC MBI 0001717524 Avitabile Daniel M. C/O MBIA INC. 1 MANHATTANVILLE ROAD, SUITE 301 PURCHASE NY 10577 0 1 0 0 Managing Director Common Stock 53673 D Shares acquired prior to status as Reporting Person including a) 8,823 shares held in the Reporting Person's account; b) 1,969 shares of restricted stock granted at $12.78 per share and vesting entirely in March 2018, 3,860 shares of restricted stock granted at $14.99 per share and vesting 50% in March 2018 and 50% in March 2019, 9,263 shares of restricted stock granted at $9.37 per share and vesting in one-third increments in each of March 2018, 2019 and 2020, 14,811 shares of restricted stock granted at $8.44 per share and vesting in one-third increments in March 2019, 2020 and 2021, and 13,048 shares of restricted stock granted at $9.58 per share and vesting in one-third increments in March 2020, 2021 and 2022 and c) 1,899 shares held in the MBIA Inc Employee 401(k) plan. /s/ Jonathan C. Harris, Attorney-in-fact 2017-09-25