X0303 4 2009-03-10 0 0001033032 SILVERLEAF RESORTS INC SVLF 0001173970 WHITMORE R JANET 10305 OAKLYN DRIVE POTOMAC MD 20854 1 0 0 0 Common Stock, .01 par value 2009-03-10 2009-03-10 4 P 0 20550 .35 A 382726 D Common Stock, .01 par value 2009-03-10 2009-03-10 4 P 0 6900 .36 A 389626 D Common Stock, .01 par value 2009-03-10 2009-03-10 4 P 0 3910 .33 A 393536 D Common Stock, .01 par value 2009-03-11 2009-03-11 4 P 0 1500 .34 A 395036 D Common Stock, .01 par value 2009-03-11 2009-03-11 4 P 0 45400 .35 A 440436 D Nonqualified Stock Option 1.895 2009-08-14 2018-08-14 Common Stock, .01 par value 75000 75000 D Options will vest and be exercisable to the extent of 1/4 of the options granted on each of the following dates: August 14, 2009, August 14, 2010, August 14, 2011 and August 14, 2012. /s/ Rebecca Janet Whitmore 2009-03-12