Insider Trades - ROLLS JOHN A

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ROLLS JOHN A: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
M B I A INC Director NYSE:MBI (historical quotes, profile, other insiders)	18-Jun-09	95,715	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Jun-09 52,373 MBI Option Exercise at $4.91 per share.
(Cost of $257,151)
7-May-09 11,737 MBI Acquisition (Non Open Market) at $6.39 per share.
(Value of $74,999)
15-May-08 8,065 MBI Acquisition (Non Open Market) at $9.30 per share.
(Value of $75,004)
30-Jan-08 1,600 MBI Purchase at $38.83 - $44.17 per share.
(Cost of about $66,000)
30-Nov-07 500 MBI Purchase at $34.87 per share.
(Cost of $17,435)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Jun-09	52,373	MBI	Option Exercise at $4.91 per share. (Cost of $257,151)
7-May-09	11,737	MBI	Acquisition (Non Open Market) at $6.39 per share. (Value of $74,999)
15-May-08	8,065	MBI	Acquisition (Non Open Market) at $9.30 per share. (Value of $75,004)
30-Jan-08	1,600	MBI	Purchase at $38.83 - $44.17 per share. (Cost of about $66,000)
30-Nov-07	500	MBI	Purchase at $34.87 per share. (Cost of $17,435)