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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
1360596	A Michael Berman	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	Acquisiton	2018-08-23	20,000	$32.19	41,654	No	4	M	Direct
Common Stock $.01 Par Value	Disposition	2018-08-23	20,000	$32.67	21,654	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	2018-08-23	20,000	$0.00	20,000	$32.19

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,350	2008-10-01	2018-10-01	No	4	M	Direct

Footnotes

All share amounts and exercise prices have been adjusted to reflect the distribution of an eight percent (8%) stock dividend on December 19, 2017.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.63 to $32.76, 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 2001 Stock Option Plan for Non-Employee Directors, which meets all of the requirements under Rule 16b-3.