X0303 4 2011-03-31 1 0001202157 BROOKFIELD HOMES CORP BHS 0001395280 Laurie Craig James THREE WORLD FINANCIAL CENTER 200 VESEY STREET, 10TH FLOOR NEW YORK NY 10281-1010 0 1 0 0 Chief Financial Officer Common Stock 2011-03-31 4 D 0 3090 0 D 0 D Employee Stock Option (Right to Buy) 8.23 2011-03-31 4 D 0 294000 0 D 2020-10-04 Common Stock 294000 0 D Employee Stock Option (Right to Buy) 14.7 2011-03-31 4 D 0 96000 0 D 2021-02-16 Common Stock 96000 0 D Deferred Share Units 2011-03-31 4 D 0 16327 0 D Common Stock 16327 0 D These shares were disposed of in the merger of Brookfield Homes Corporation and Brookfield Residential Acquisition Corp., with Brookfield Homes being the surviving entity and a wholly owned subsidiary of Brookfield Residential Properties Inc. ("Brookfield Residential") (the "Merger"). Pursuant to the Merger, each share of Brookfield Homes common stock was exchanged for 0.764900530 Brookfield Residential common shares on March 31, 2011, the effective date of the Merger (the "Effective Date"). As a result of the Merger, these stock options were replaced on the Effective Date by share options of Brookfield Residential in accordance with the terms of the Merger. 1-for-1 Units can only be redeemed after separation from service, whether due to retirement, termination or death. There will be no shares of common stock issued, authorized, reserved, purchased or sold at any time in connection with units allocated. Under no circumstances will units be considered shares of common stock, or entitle any participant to the exercise of voting rights or to the exercise of any other rights arising from ownership of shares of common stock. As a result of the Merger, these deferred share units were replaced on the Effective Date with either deferred share units of Brookfield Residential or cash. Craig J. Laurie 2011-04-01