4//SEC Filing
MBIA INC 4
Accession 0000814585-05-000027
$MBICIK 0000814585operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 3:58 PM ET
Size
7.9 KB
Accession
0000814585-05-000027
Insider Transaction Report
Form 4
MBIA INCMBI
Weeks Christopher E
Vice President
Transactions
- Award
Common Stock
2005-02-16$58.84/sh+6,373$374,987→ 7,280.42 total - Award
Employee Stock Option
2005-02-16$58.84/sh+30,000$1,765,200→ 30,000 totalExercise: $58.84Exp: 2015-02-16→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Restricted stock granted pursuant to a long-term incentive award under 16b-3 exemption. The restricted stock has a three year cliff vesting period. The number of shares of restricted stock that will ultimately vest will be tied to the growth in the Modified Book Value (MBV) of the Company during the period 1/1/05 to 12/31/07. If the MBV target growth rate of 30% appreciation from 1/1/05 to 12/31/07 is achieved, then all of the restricted stock will vest. If the MBV appreciation is 0 from 1/1/05 to 12/31/07, then no restricted stock will vest at the end of the vesting period, with intermediate levels of vesting to be determined by linear interpolation (e.g. MBV appreciation of 15% will result in 50% of the restricted stock vesting).
- [F2]Vests 40% on second anniversary of date of grant and 20% on each anniversary thereafter.
Documents
Issuer
MBIA INC
CIK 0000814585
Entity typeoperating
IncorporatedCT
Related Parties
1- filerCIK 0000814585
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 3:58 PM ET
- Size
- 7.9 KB