MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2016

Shares 12,607 Value ($000) $112 Avg Close $3.18 Range $2.40 - $4.14

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	12,607	$112	$3.18	$2.40 - $4.14