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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	2018-03-13	4,644	$29.84	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock $.01 Par Value	18,329	Indirect	By Buchwald Equity Fund, LLC
Common Stock $.01 Par Value	97	Indirect	By BPR Management Corp.

Footnotes

All share amounts have been adjusted to reflect the distribution of an eight percent (8%) stock dividend on December 19, 2017.
Shares sold at an average sale price of $29.84. These shares were sold in multiple transactions at prices ranging from $29.65 to $30.07 inclusive. The reporting person undertakes to provide to 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 herein.
Shares owned by a limited liability company in which the Reporting Person is a managing member.
Shares owned by a corporation in which the Reporting Person is the controlling shareholder.