TOUFF MICHAEL 4
4 · MDC HOLDINGS INC · Filed Mar 11, 2019
Insider Transaction Report
Form 4
TOUFF MICHAEL
Sr VP and General Counsel
Transactions
- Exercise/Conversion
Common Stock $.01 Par Value
2019-03-11$25.29/sh+36,741$929,180→ 176,805 total - Sale
Common Stock $.01 Par Value
2019-03-11$28.84/sh−36,741$1,059,610→ 140,064 total - Exercise/Conversion
Non-Statutory Stock Option (right to buy)
2019-03-11−36,741→ 0 totalExercise: $25.29From: 2012-12-31Exp: 2019-12-31→ Common Stock $.01 Par Value (36,741 underlying)
Holdings
- 32,577(indirect: By 401(k))
Common Stock $.01 Par Value
- 11,653(indirect: By IRA)
Common Stock $.01 Par Value
Footnotes (4)
- [F1]All share amounts and exercise prices have been adjusted to reflect the distribution of an eight percent (8%) stock dividend in February 2019.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $28.73 to $28.98 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.
- [F3]Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.
- [F4]Represents a stock option under the Company's 2001 Stock Option Plan which meets all of the requirements under Rule 16b-3.