X0306 4 2013-05-21 0 0001095996 WILLIAM LYON HOMES WLH 0001316580 Luxor Capital Group, LP 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK NY 10036 0 0 1 0 0001356913 LUXOR CAPITAL PARTNERS OFFSHORE LTD C/O M&C CORPORATE SVCS LTD PO BOX 309 GT UGLAND HOUSE GEORGE TOWN E9 00000 CAYMAN ISLANDS 0 0 1 0 0001393021 Luxor Capital Partners, LP 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK NY 10036 0 0 1 0 0001479129 Luxor Wavefront, LP 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK NY 10036 0 0 1 0 0001434200 LUXOR SPECTRUM OFFSHORE LTD C/O MAPLES CORPORATE SERVICES LTD P.O. BOX 309 GT GEORGE TOWN E9 KY1-1104 CAYMAN ISLANDS 0 0 1 0 Class A Common Stock 2013-05-21 4 C 0 709322 A 1873445 D Class A Common Stock 2013-05-21 4 C 0 80689 A 418964 D Class A Common Stock 2013-05-21 4 C 0 391258 A 1482233 D Class A Common Stock 2013-05-21 4 C 0 90506 A 295214 D Class A Common Stock 2013-05-21 4 C 0 75941 A 199994 I See Class A Common Stock 2013-05-21 4 C 0 3126225 A 4999670 D Class A Common Stock 2013-05-21 4 C 0 530442 A 949406 D Class A Common Stock 2013-05-21 4 C 0 2572097 A 4054330 D Class A Common Stock 2013-05-21 4 C 0 594980 A 890194 D Class A Common Stock 2013-05-21 4 C 0 328706 A 528700 I See Class A Common Stock 2013-05-21 4 S 0 1951950 25 D 3047720 D Class A Common Stock 2013-05-21 4 S 0 552725 25 D 337469 D Class A Common Stock 2013-05-21 4 S 0 322825 25 D 205875 I See Class C Common Stock 2013-05-21 4 C 0 5851909 D Class A Common Stock 709322 0 D Class C Common Stock 2013-05-21 4 C 0 665684 D Class A Common Stock 80689 0 D Class C Common Stock 2013-05-21 4 C 0 3227879 D Class A Common Stock 391258 0 D Class C Common Stock 2013-05-21 4 C 0 746675 D Class A Common Stock 90506 0 D Class C Common Stock 2013-05-21 4 C 0 626517 D Class A Common Stock 75941 0 I See Convertible Preferred Stock 2013-05-21 4 C 0 25791356 D Class A Common Stock 3126225 0 D Convertible Preferred Stock 2013-05-21 4 C 0 4376147 D Class A Common Stock 530442 0 D Convertible Preferred Stock 2013-05-21 4 C 0 21219798 D Class A Common Stock 2572097 0 D Convertible Preferred Stock 2013-05-21 4 C 0 4908581 D Class A Common Stock 594980 0 D Convertible Preferred Stock 2013-05-21 4 C 0 2711823 D Class A Common Stock 328706 0 I See Reflects the number of shares of Class A Common Stock after taking into account the issuer's 1:8.25 reverse stock split. Immediately prior to the consummation of the initial public offering of the issuer's Class A Common Stock, the Class C Common Stock and the Convertible Preferred Stock automatically converted into Class A Common Stock. The issuer's initial public offering of its Class A Common Stock closed on May 21, 2013. Reflects the securities of the issuer owned directly by Luxor Capital Partners, LP (the "Onshore Fund"). Reflects the securities of the issuer owned directly by Luxor Wavefront, LP (the "Wavefront Fund"). Reflects the securities of the issuer owned directly by Luxor Capital II Company (the "Capital II Company"). The Capital II Company is a subsidiary of Luxor Capital Partners Offshore Master Fund, LP (the "Offshore Master Fund"). The Offshore Master Fund is a subsidiary of Luxor Capital Partners Offshore, Ltd. (the "Offshore Feeder Fund"). Reflects the securities of the issuer owned directly by Luxor Spectrum Offshore Master Fund, LP (the "Spectrum Offshore Master Fund"). The Spectrum Offshore Master Fund is a subsidiary of Luxor Spectrum Offshore, Ltd. (the "Spectrum Offshore Feeder Fund"). Reflects the securities of the issuer held in an account managed separately (the "Separately Managed Account") by Luxor Capital Group, LP ("Luxor Capital Group"). Luxor Capital Group acts as the investment manager of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, the Offshore Feeder Fund, the Spectrum Offshore Master Fund and the Spectrum Offshore Feeder Fund (collectively, the "Luxor Funds") and the Separately Managed Account. Luxor Management, LLC ("Luxor Management") is the general partner of Luxor Capital Group. Mr. Leone is the managing member of Luxor Management. LCG Holdings, LLC ("LCG Holdings") is the general partner of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund and the Offshore Spectrum Master Fund. Mr. Leone is the managing member of LCG Holdings. Luxor Capital Group, Luxor Management and Mr. Leone may each be deemed to indirectly beneficially own the shares of common stock held by the Luxor Funds, the Capital II Company and the Separately Managed Account. LCG Holdings may be deemed to indirectly beneficially own the shares of common stock held by the Onshore Fund, the Wavefront Fund, the Capital II Company, the Offshore Master Fund and the Spectrum Offshore Master Fund. For purposes of this Form 4, Luxor Capital Group, Luxor Management, LCG Holdings and Mr. Leone each disclaims beneficial ownership of the shares of common stock owned by the Luxor Funds, the Capital II Company and the Separately Managed Account, except to the extent of their or his pecuniary interest therein. Norris Nissim, as General Counsel of Luxor Management, LLC, General Partner of Luxor Capital Group, LP 2013-05-23