SEC Form 4 · accession 0001184829-17-000007
MDC HOLDINGS INC · MDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David E Blackford
Director
Period of report
May 15, 2017
Accepted (ET)
May 16, 2017 · 2:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000773141
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock $.01 Par ValueF1 | May 15, 2017 | M | 26,250 | $28.37 | A | 37,428 | D | |
| Common Stock $.01 Par ValueF1,F2 | May 15, 2017 | S | 26,250 | $35.65 | D | 11,178 | D | |
| Common Stock $.01 Par ValueF1 | May 15, 2017 | S | 800 | $35.63 | D | 10,378 | D |
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)F3,F1 | $28.37 | May 15, 2017 | M | 26,250 | D | Feb 1, 2016 | Aug 1, 2025 | Common Stock $.01 Par Value | 26,250 | 0 | D |
Explanation of responses
- F1All share amounts and exercise prices have been adjusted to reflect the distribution of a five percent (5%) stock dividend on December 20, 2016.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.63 to $35.69, inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3Represents a stock option under the Company's 2011 Stock Option Plan for Non-Employee Directors, which meets all of the requirements under Rule 16b-3.