SEC Form 4 · accession 0001193956-17-000005
MDC HOLDINGS INC · MDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Touff
Officer — Sr VP and General Counsel
Period of report
May 16, 2017
Accepted (ET)
May 17, 2017 · 1:06 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 16, 2017 | M | 31,500 | $27.98 | A | 148,027 | D | |
| Common Stock $.01 Par ValueF1,F2 | May 16, 2017 | S | 31,500 | $34.32 | D | 116,527 | D | |
| Common Stock $.01 Par ValueF1 | May 16, 2017 | M | 26,250 | $27.42 | A | 142,777 | D | |
| Common Stock $.01 Par ValueF1,F3 | May 16, 2017 | S | 26,250 | $34.44 | D | 116,527 | D | |
| Common Stock $.01 Par ValueF1 | May 16, 2017 | M | 26,250 | $23.28 | A | 142,777 | D | |
| Common Stock $.01 Par ValueF1,F3 | May 16, 2017 | S | 26,250 | $34.44 | D | 116,527 | D | |
| Common Stock $.01 Par ValueF1,F4 | holding | — | — | — | 26,372 | I | By 401(k) | |
| Common Stock $.01 Par ValueF1 | holding | — | — | — | 9,991 | I | By IRA Rollover |
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)F5,F1 | $27.98 | May 16, 2017 | M | 31,500 | D | Dec 30, 2011 | Dec 30, 2018 | Common Stock $.01 Par Value | 31,500 | 0 | D |
| Non-Statutory Stock Option (right to buy)F5,F1 | $27.42 | May 16, 2017 | M | 26,250 | D | Dec 30, 2013 | Dec 30, 2020 | Common Stock $.01 Par Value | 26,250 | 0 | D |
| Non-Statutory Stock Option (right to buy)F6,F1 | $23.28 | May 16, 2017 | M | 26,250 | D | Mar 8, 2015 | Mar 8, 2022 | 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 $34.00 to $34.63, 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.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $34.29 to $34.74, 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.
- F4Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.
- F5Represents a stock option under the Company's 2001 Equity Incentive Plan, which meets all of the requirements under Rule 16b-3.
- F6Represents a stock option under the Company's 2011 Equity Incentive Plan, which meets all of the requirements under Rule 16b-3.