SEC Form 4 · accession 0001360596-18-000005
MDC HOLDINGS INC · MDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Berman
Director
Period of report
Aug 23, 2018
Accepted (ET)
Aug 23, 2018 · 4:54 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 | Aug 23, 2018 | M | 20,000 | $32.19 | A | 41,654 | D | |
| Common Stock $.01 Par ValueF2 | Aug 23, 2018 | S | 20,000 | $32.67 | D | 21,654 | 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 | $32.19 | Aug 23, 2018 | M | 20,000 | D | Oct 1, 2008 | Oct 1, 2018 | Common Stock $.01 Par Value | 20,000 | 8,350 | D |
Explanation of responses
- F1All share amounts and exercise prices have been adjusted to reflect the distribution of an eight percent (8%) stock dividend on December 19, 2017.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.63 to $32.76, 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 2001 Stock Option Plan for Non-Employee Directors, which meets all of the requirements under Rule 16b-3.