SEC Form 4 · accession 0001009874-15-000002
MDC HOLDINGS INC · MDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David D Mandarich
Officer — President, COO and Director · Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 3:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000773141
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Statutory Stock Option (right to buy)F1 | $28.45 | May 18, 2015 | A | 1,000,000 | A | — | May 18, 2025 | Common Stock $.01 Par Value | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1This option was granted May 18, 2015 under the Company's 2011 Equity Incentive Plan. The option will vest as to 33-1/3% of the shares covered thereby on each of May 18, 2018, 2019 and 2020; provided however that all unvested option shares will vest immediately in the event the closing price of the Company's stock as reported by the New York Stock Exchange in any 20 out of 30 consecutive trading days closes at a price equal to or greater than 120% of the closing price on the date of grant. This option was granted at the May 18, 2015 market close price.