Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  McKiernan Anthony
 2. Date of Event Requiring Statement (Month/Day/Year)
07/13/2011		 3. Issuer Name and Ticker or Trading Symbol
MBIA INC [MBI]
(Last)
(First)
(Middle)
C/O MBIA INC., 113 KING STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
MD and CRO, MBIA Ins. Corp.
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ARMONK, NY 10504		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 64,458 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) 02/07/2006 02/07/2012 Common Stock 1,500 (2) $ 52.81 D  
Employee Stock Options (right to buy) 10/07/2007 10/07/2012 Common Stock 5,000 (2) $ 36.72 D  
Employee Stock Options (right to buy) 02/12/2007 02/12/2013 Common Stock 1,250 (2) $ 36.69 D  
Employee Stock Options (right to buy) 02/10/2008 02/10/2014 Common Stock 1,500 (2) $ 64.84 D  
Employee Stock Options (right to buy) 02/12/2014 02/12/2016 Common Stock 50,000 (2) $ 4.02 D  
Employee Stock Options (right to buy) 03/04/2015 03/04/2017 Common Stock 150,000 (2) $ 5.05 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McKiernan Anthony
C/O MBIA INC.
113 KING STREET
ARMONK, NY 10504		       MD and CRO, MBIA Ins. Corp.  

Signatures

/s/Andrew Hughes, Attorney-in-Fact 07/19/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Shares acquired prior to status as Reporting Person including a) 3,426 shares held in the Reporting Person's account; b) 8,000 shares of restricted stock granted at $15.00 per share and vesting entirely in March 2013, 12,100 shares of restricted stock granted at $4.02 per share and vesting entirely in February 2014, and 33,500 shares of restricted stock granted at $10.48 per share and vesting entirely in March 2016; c) 2,432 shares held in employee 401(k) plan; and d) 5,000 shares held in non-qualified defined contribution retirement plan.
(2) Options granted prior to status as Reporting Person.

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