MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 8,200 Value ($000) $88 Avg Close $4.03 Range $3.12 - $5.00

Q3 2016

Shares 17,500 Value ($000) $136 Avg Close $3.43 Range $2.88 - $3.80

Q2 2016

Shares 16,625 Value ($000) $114 Avg Close $3.24 Range $2.77 - $3.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	8,200	$88	$4.03	$3.12 - $5.00
Q3 2016	17,500	$136	$3.43	$2.88 - $3.80
Q2 2016	16,625	$114	$3.24	$2.77 - $3.90