X0306 4 2015-04-21 0 0001574532 WCI Communities, Inc. WCIC 0001052161 STONEHILL INSTITUTIONAL PARTNERS LP C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2015-04-21 4 S 0 1795531 22.75 D 4835526 D Sale of shares in WCIC's underwritten secondary offering (including pursuant to the underwriters' exercise of an over-allotment option). The price of $22.75 does not reflect underwriter discount or fees. Stonehill Capital Management LLC, a Delaware limited liability company ("Management"), Stonehill General Partner, LLC, a Delaware limited liability company ("GP"), and Messrs. John Motulsky, Christopher Wilson, Wayne Teetsel, Thomas Varkey, Jonathan Sacks, Peter Sisitsky, Michael Thoyer and Michael Stern may each be deemed to have a pecuniary interest in the shares reported herein as directly held by Stonehill Institutional Partners, L.P. ("Partners"). Due to the limitation on the number of reporting persons that may be included on a single Form 4, each of such persons is included as a Reporting Person on a separate Form 4 with respect to such interests. Solely for purposes of Section 16 of the Exchange Act, Partners may be deemed to be directors-by-deputization by virtue of Partners' contractual right to designate two members of the board of directors of WCIC. Christopher Wilson, a managing member of GP and Management, is a member of WCIC's board of directors. STONEHILL INSTITUTIONAL PARTNERS, L.P., By: /s/ Paul Malek, Authorized Signatory 2015-04-23