SEC Form 4 · accession 0000814585-16-000031
MBIA INC · MBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas C Hamilton
Officer — Controller
Period of report
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814585
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 3, 2016 | A | 14,503 | $8.44 | A | 128,628 | D | |
| Common StockF3 | Mar 4, 2016 | F | 1,180 | $8.67 | D | 127,448 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock granted pursuant to long-term incentive award under 16b-3 exemption. The restricted stock vests in one-third increments on each of the third, fourth, and fifth anniversaries of the date of grant.
- F2Balance reflects adjustment for retirement plan shares.
- F3Represents shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.