SEC Form 4 · accession 0001193962-17-000010

MDC HOLDINGS INC · MDC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 15, 2017

Accepted (ET)

Dec 18, 2017 · 11:01 am EST

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 Value^F1	Dec 15, 2017	M	28,350	$26.27	A	32,650	D
Common Stock $.01 Par Value^F2,F1	Dec 15, 2017	S	28,350	$31.52	D	4,300	D
Common Stock $.01 Par Value^F1,F3	holding	—	—		—	16,972	I	By Buchwald Equity Fund, LLC
Common Stock $.01 Par Value^F1,F4	holding	—	—		—	90	I	By BPR Management Corp.

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	$26.27	Dec 15, 2017	M	28,350	D	Feb 1, 2016	Aug 1, 2025	Common Stock $.01 Par Value	28,350	0	D

F1All share amounts and exercise prices have been adjusted to reflect the distribution of stock dividends.
F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $ 31.39 to $ 31.59, 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.
F3Shares owned by a limited liability company in which the Reporting Person is a managing member.
F4Shares owned by a corporation in which the Reporting Person is the controlling shareholder.
F5Represents 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.