FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * MIZEL LARRY A 2. Issuer Name and Ticker or Trading Symbol MDC HOLDINGS INC [ MDC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman of the Board and CEO
(Last)         (First)         (Middle)
4350 S. MONACO STREET, SUITE 500
3. Date of Earliest Transaction (MM/DD/YYYY)
4/27/2020
(Street)
DENVER, CO 80237
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Statutory Stock option (right to buy)  $25.81  4/27/2020    A     200000       (1) 4/27/2030  Common Stock $.01 Par Value  200000  $0  200000  D 
 

Explanation of Responses:
(1)  This option was granted April 27, 2020 under the Company's 2011 Equity Incentive Plan. The option will vest as to 33-1/3% of the shares covered thereby on each of April 27, 2021, 2022 and 2023. This option was granted at the April 27, 2020 market close price.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MIZEL LARRY A
4350 S. MONACO STREET
SUITE 500
DENVER, CO 80237
X X Chairman of the Board and CEO

Signatures
Joseph H. Fretz, Attorney-in-fact 4/29/2020
**Signature of Reporting Person Date
M D C (NYSE:MDC)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more M D C Charts.
M D C (NYSE:MDC)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more M D C Charts.