Raymond T. Baker - May 10, 2023 Form 4 Insider Report for M.D.C. HOLDINGS, INC. (MDC)

Role
Director
Signature
Raymond T. Baker
Stock symbol
MDC
Transactions as of
May 10, 2023
Transactions value $
-$445,856
Form type
4
Date filed
5/10/2023, 05:53 PM
Previous filing
Aug 3, 2022
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDC Common Stock $.01 Par Value Options Exercise $757K +29.2K +60.09% $25.95 77.7K May 10, 2023 Direct
transaction MDC Common Stock $.01 Par Value Sale -$1.2M -29.2K -37.54% $41.24 48.5K May 10, 2023 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 -29.2K -100% $0.00* 0 May 10, 2023 Common Stock $.01 Par Value 29.2K $25.95 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 $41.14 to $41.39, 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 2011 Stock Option Plan for Non-Employee Directors), which meets all of the requirements under Rule 16b-3.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney