Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Act of 1934
(Amendment No.)
ITEM 1
(a) Name of Issuer: MBIA Inc.
(b) Address of Issuer's Principal Offices:
1 Manhattanville Road, Suite 301
Purchase, NY 10577
ITEM 2
(a) Name of Person Filing: KAHN BROTHERS GROUP INC.
(b) Address of Principal Office:
555 Madison Avenue,
Suite 1303
New York, NY 10022
(c) Citizenship: USA
(d) Title of Class of Securities: Common
(e) CUSIP Number: 55262C100
ITEM 4
(a) Amount beneficially owned: 4,829,606
(b) Percent of Class: 9.44%
(c) Number of shares as to which the person has:
(iv) Shared power to dispose or to direct
the disposition of: 4,829,606
Item 6. Ownership of More than 5 Percent on Behalf of
Another Person
The securities to which this schedule is filed are all owned of record by
clients. These clients have the right to receive, or the power to direct
the receipts of, dividends from, or the proceeds from the sale of such
securities. No such client is known to have such right or power with
respect to more than five percent of this class of securities.