-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HqKyKIJ7fFULVOdz7eaIYlPybsa6r0ws6CN1unKxmbkohrqNrzJx7rVAc5Y/66HY TQ14Mp3CoUNFdvczazUozA== 0000814585-08-000025.txt : 20080306 0000814585-08-000025.hdr.sgml : 20080306 20080306173342 ACCESSION NUMBER: 0000814585-08-000025 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080305 FILED AS OF DATE: 20080306 DATE AS OF CHANGE: 20080306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SILVA KEVIN D CENTRAL INDEX KEY: 0001237581 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09583 FILM NUMBER: 08672061 BUSINESS ADDRESS: STREET 1: C/O MBIA INC STREET 2: 113 KING STREET CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9147653914 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MBIA INC CENTRAL INDEX KEY: 0000814585 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 061185706 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 113 KING ST CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 914-273-4545 MAIL ADDRESS: STREET 1: 113 KING ST CITY: ARMONK STATE: NY ZIP: 10504 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2008-03-05 0 0000814585 MBIA INC MBI 0001237581 SILVA KEVIN D C/O MBIA INC. 113 KING STREET ARMONK NY 10504 0 1 0 0 Vice President Common Stock 2008-03-05 4 P 0 1000 13.6 A 64119 D Common Stock 2008-03-05 4 P 0 6300 13.71 A 70419 D Common Stock 2008-03-05 4 D 0 7988 0 D 62431 D Stock Options (right to purchase) 31 2008-03-05 4 J 0 2725 0 D Common Stock 2725 0 D Purchase of common stock in satisfaction of reporting person's commitment, in connection with Investment Agreement between Warburg Pincus Private Equity X and the Company, as subsequently modified, to purchase such shares at a price of at least $12.15 per share by June 30, 2008. Represents 0 (zero) vesting of previously granted restricted stock award as determined by the Compensation and Organization Committee of the Company's Board of Directors on March 5, 2008 based on 0 (zero) growth rate in Modified Book Value of the Company during the period 1/1/05 to 12/31/07. Cancellation of options previously granted pursuant to 2005 Omnibus Incentive Plan for the purchase of a specified number of shares at $31 per share and required to be exercised not more than 60 days following closing of Investment Agreement between Warburg Pincus Private Equity X and the Company. Cancellation of options was related to consent of Warburg Pincus to satisfaction of purchase commitment through open-market purchases at not less than $12.15 per share in a total dollar amount of not less than the value of the purchases contemplated in the options, such purchases to occur no later than June 30, 2008. /s/Leonard I. Chubinsky, Attorney-in-Fact 2008-03-06 -----END PRIVACY-ENHANCED MESSAGE-----