MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q4 2015

Shares 17,434 Value ($000) $113 Avg Close $2.96 Range $2.29 - $3.65

Q3 2015

Shares 18,210 Value ($000) $111 Avg Close $2.80 Range $2.31 - $3.38

Q2 2015

Shares 18,684 Value ($000) $112 Avg Close $3.94 Range $2.15 - $4.35

Q1 2015

Shares 21,581 Value ($000) $201 Avg Close $3.89 Range $3.45 - $4.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	17,434	$113	$2.96	$2.29 - $3.65
Q3 2015	18,210	$111	$2.80	$2.31 - $3.38
Q2 2015	18,684	$112	$3.94	$2.15 - $4.35
Q1 2015	21,581	$201	$3.89	$3.45 - $4.24