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Filing Details

Accession Number:
0000902691-20-000010
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-10 11:24:04
Reporting Period:
2020-02-07
Accepted Time:
2020-02-10 11:24:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
773141 Mdc Holdings Inc MDC Operative Builders (1531) 840622967
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
902691 A Larry Mizel 4350 S. Monaco Street
Suite 500
Denver CO 80237
Chairman Of The Board And Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock $.01 Par Value Acquisiton 2020-02-07 60,224 $25.86 212,340 No 4 M Direct
Common Stock $.01 Par Value Disposition 2020-02-07 60,224 $44.72 152,116 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock $.01 Par Value Non-Statutory Stock Option (right to buy) Disposition 2020-02-07 60,224 $0.00 60,224 $25.86
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2020-12-30 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock $.01 Par Value 3,958,536 Indirect By Ari Capital Partners, LLLP
Common Stock $.01 Par Value 5,482 Indirect By 401(k)
Common Stock $.01 Par Value 24,494 Indirect By Cascia Holdings, LLC
Common Stock $.01 Par Value 1,212,473 Indirect By Cheston Enterprises Trust
Common Stock $.01 Par Value 1,212,473 Indirect By Courtney Enterprises Trust
Common Stock $.01 Par Value 1,668,328 Indirect By CGM Capital, LLLP
Footnotes
  1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $44.39 to $45.03 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.
  2. Reporting Person may be deemed to have beneficial ownership of the shares held by Ari Capital Partners, LLLP ("Ari Capital"). The sole general partner of Ari Capital is CVentures, Inc. ("CVentures"), a corporation, which has approximately a 1% partnership interest in Ari Capital. Reporting Person and family members are the beneficiaries of various trusts which own approximately 50.7% of the stock of CVentures. Also, Reporting Person is a director and chairman of the board of CVentures and may be deemed to control the other approximately 49.3% of the common stock of CVentures. A trust, of which Reporting Person is the sole beneficiary, is the sole limited partner of Ari Capital, and has approximately a 99% partnership interest in Ari Capital. Reporting Person and Reporting Person's spouse are trustees of the trust.
  3. Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.
  4. Reporting Person may be deemed to have beneficial ownership of the shares held by Cascia Holdings LLC ("Cascia"). Cascia holds 2,449,440 shares. Reporting Person's spouse, who is the sole manager of Cascia, holds all of the voting LLC units in Cascia, which constitutes 1% of the total outstanding LLC units in Cascia and represents a pecuniary interest in 24,494 shares. Two separate trusts (Cheston Enterprises Trust and Courtney Enterprises Trust) hold all of Cascia's nonvoting LLC units, which constitute 99% of the total outstanding LLC units in Cascia. Reporting Person's spouse is one of the trustees of each of the two trusts and Reporting Person's family members are the beneficiaries of these trusts.
  5. Reporting Person may be deemed to have beneficial ownership of these shares which are beneficially owned by this trust. Reporting Person's spouse is a trustee of this trust and a family member of Reporting Person is the beneficiary of this trust.
  6. Reporting Person may be deemed to have beneficial ownership of the shares held by CGM Capital LLLP ("CGM Capital"). The general partner of CGM Capital is CVentures, Inc. ("CVentures"), which has a 1% partnership interest in CGM Capital. A trust, of which Reporting Person's spouse is the sole beneficiary, is the sole limited partner of CGM Capital, and has a 99% partnership interest in CGM Capital. Reporting Person and Reporting Person's spouse are trustees of this trust.
  7. The option became exercisable in three equal annual installments beginning on December 31, 2013.