X0303 4 2010-12-30 0000773141 MDC HOLDINGS INC MDC 0001009874 MANDARICH DAVID D 4350 S. MONACO STREET SUITE 500 DENVER CO 80237 1 1 0 0 President, COO and Director Non-Statutory Stock Option (right to buy) 28.86 2010-12-30 4 A 0 90000 0 A 2013-12-30 2020-12-30 Common Stock $.01 Par Value 90000 90000 D Non-Statutory Stock Option (right to buy) 31.75 2010-12-30 4 A 0 90000 0 A 2013-12-30 2020-12-30 Common Stock $.01 Par Value 90000 90000 D Granted on December 30, 2010 under the Company's 2001 Equity Incentive Plan. This option vests as to 33-1/3% of the shares covered thereby on December 30, 2013 and cumulatively as to an additional 33-1/3% on each of December 30, 2014 and 2015. This option was granted at the December 30, 2010 market close price. Granted on December 30, 2010 under the Company's 2001 Equity Incentive Plan. This option vests as to 33-1/3% of the shares covered thereby on December 30, 2013, and cumulatively as to an additional 33-1/3% on each of December 31, 2014 and 2015. This option was granted at 110% of the December 30, 2010 market close price. David D. Mandarich 2011-01-03