Raymond T. Baker - Jul 29, 2022 Form 4 Insider Report for M.D.C. HOLDINGS, INC. (MDC)

Role: Director
Signature: Raymond T. Baker
Stock symbol: MDC
Transactions as of: Jul 29, 2022
Transactions value $: -$384,900
Form type: 4
Date filed: 7/29/2022, 04:01 PM
Previous filing: Aug 3, 2021
Next filing: Aug 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDC	Common Stock $.01 Par Value	Options Exercise	$792K	+33.1K	+82.28%	$23.95	73.3K	Jul 29, 2022	Direct
transaction	MDC	Common Stock $.01 Par Value	Sale	-$1.18M	-33.1K	-45.14%	$35.59	40.2K	Jul 29, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MDC	Non-Statutory Stock Option (right to buy)	Options Exercise	$0	-33.1K	-100%	$0.00^*	0	Jul 29, 2022	Common Stock $ .01 Par Value	33.1K	$23.95	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.31 to $35.85, 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.
F2	Represents a stock option under the Company's 2020 Stock Option Plan for Non-Employee Directors (formerly known as the 2011 Stock Option Plan for Non-Employee Directors), which meets all of the requirements under Rule 16b-3.

Content

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $35.31 to $35.85, 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.

Represents a stock option under the Company's 2020 Stock Option Plan for Non-Employee Directors (formerly known as the 2011 Stock Option Plan for Non-Employee Directors), which meets all of the requirements under Rule 16b-3.