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Filing Details

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
1193962	T Herbert Buchwald	4350 S. Monaco Street Suite 500 Denver CO 80237		Yes	No	No	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	Disposition	2020-03-02	4,697	$0.00	0	No	5	J	Direct
Common Stock $.01 Par Value	Acquisiton	2020-03-02	4,697	$0.00	4,697	No	5	J	Indirect	Herbert T. Buchwald, PA
Common Stock $.01 Par Value	Disposition	2020-03-02	4,697	$40.72	0	No	4	S	Indirect	Herbert T. Buchwald , PA

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	J	Direct
No	5	J	Indirect	Herbert T. Buchwald, PA
No	4	S	Indirect	Herbert T. Buchwald , PA

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock $.01 Par Value	19,795	Indirect	By Buchwald Equity Fund, LLC
Common Stock $.01 Par Value	105	Indirect	By BPR Management Corp.

Footnotes

Vountary filing to show change in ownership from direct to indirect, which need not be reported. Rule 16a-13.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $40.21 to $41.21 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.
Shares owned by a corporation in which the Reporting Person is the controlling shareholder.
Shares owned by a limited liability company in which the Reporting Person is a managing member.