X0306 4 2017-02-21 0 0001095996 WILLIAM LYON HOMES WLH 0001575309 ZAIST MATTHEW R C/O WILLIAM LYON HOMES 4695 MACARTHUR COURT, 8TH FLOOR NEWPORT BEACH CA 92660 1 1 0 0 President & CEO CLASS A COMMON STOCK 2017-02-21 4 A 0 46198 0.00 A 185611 D CLASS A COMMON STOCK 121026 I BY LLC Represents shares of performance based restricted stock granted to the Reporting Person on March 22, 2016, which have been earned by the Reporting Person and which vest in three equal installments on each of March 1, 2017, 2018 and 2019, subject to certain restrictions. Represents securities held by a limited liability company of which the Reporting Person is a manager, and in which the Reporting Person's trust holds a controlling interest. /s/ Jason R. Liljestrom, Attorney-in-Fact for Matthew R. Zaist 2017-02-23