SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ROSENTHAL MICHAEL

(Last) (First) (Middle)
1100 NORTH KING STREET

(Street)
WILMINGTON DE 19884-0156

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MBNA CORP [ KRB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/09/2004 M 56,952 A $2.9959 70,620 D
Common Stock 03/09/2004 M 56,952 A $4.8395 127,572 D
Common Stock 03/09/2004 M 56,952 A $8.1111 184,524 D
Common Stock 03/09/2004 M 11,250 A $12.2778 195,774 D
Common Stock 03/09/2004 M 7,500 A $16 203,274 D
Common Stock 03/09/2004 M 7,500 A $17.9583 210,774 D
Common Stock 03/09/2004 M 7,500 A $23.9583 218,274 D
Common Stock 03/09/2004 M 7,500 A $23.6 225,774 D
Common Stock 03/09/2004 M 5,000 A $20.12 230,774 D
Common Stock 03/09/2004 M 5,000 A $24.62 235,774 D
Common Stock 03/09/2004 S 222,106 D $28.7135 13,668 D
Common Stock 20,502 I by Spouse(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option (right to buy) $2.9959 03/09/2004 M 56,952 01/03/1995 01/02/2005 Common Stock 56,952 $0 0 D
Director Stock Option (right to buy) $4.8395 03/09/2004 M 56,952 01/02/1996 01/01/2006 Common Stock 56,952 $0 0 D
Director Stock Option (right to buy) $8.1111 03/09/2004 M 56,952 01/02/1997 01/01/2007 Common Stock 56,952 $0 0 D
Director Stock Option (right to buy) $12.2778 03/09/2004 M 11,250 01/02/1998 01/01/2008 Common Stock 11,250 $0 0 D
Director Stock Option (right to buy) $16 03/09/2004 M 7,500 01/04/1999 01/03/2009 Common Stock 7,500 $0 0 D
Director Stock Option (right to buy) $17.9583 03/09/2004 M 7,500 01/03/2000 01/02/2010 Common Stock 7,500 $0 0 D
Director Stock Option (right to buy) $20.12 03/09/2004 M 5,000 01/02/2003 01/01/2013 Common Stock 5,000 $0 0 D
Director Stock Option (right to buy) $23.6 03/09/2004 M 7,500 01/02/2002 01/01/2012 Common Stock 7,500 $0 0 D
Director Stock Option (right to buy) $23.9583 03/09/2004 M 7,500 01/02/2001 01/01/2011 Common Stock 7,500 $0 0 D
Director Stock Option (right to buy) $24.62 03/09/2004 M 5,000 01/02/2004 01/01/2014 Common Stock 5,000 $0 0 D
Explanation of Responses:
1. The reporting person disclaims beneficial ownership of all shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purposes.
Michael Rosenthal 03/10/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.