X0306 4 2015-04-21 0 0001574532 WCI Communities, Inc. WCIC 0001266227 STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 0 0001389016 Stonehill General Partner, LLC C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks 0001266230 MOTULSKY JOHN C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001266259 WILSON CHRISTOPHER E C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 1 0 1 0 0001266232 TEETSEL WAYNE C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001287381 VARKEY THOMAS C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001388803 Sacks Jonathan S C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001454846 SISITSKY PETER C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001582442 THOYER MICHAEL C/O STONEHILL CAPITAL MANAGEMENT LLC 885 THIRD AVENUE, 30TH FLOOR NEW YORK NY 10022 0 0 1 0 0001600910 Stern Michael Lenard C/O STONEHILL CAPITAL MANAGEMENT LLC 855 THIRD AVENUE, 30TH FLOOR NEW YORK NY 12779 0 0 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2015-04-21 4 S 0 1795531 22.75 D 4835526 I By Stonehill Institutional Partners, L.P. Common Stock 77442 I By Stonehill Master Fund Ltd. See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Information and Signatures Stonehill Institutional Partners, L.P., a Delaware limited partnership ("Partners"), and Stonehill Master Fund, Ltd., a Cayman Islands exempted company ("Master"), are the direct holders of the shares reported herein. Due to the limitations on the number of reporting persons that may be included on a single Form 4, Partners is reporting the subject transaction and its beneficial ownership on a separate Form 4. The Power of Attorney given by each of Messrs. Motulsky, Wilson, Teetsel, Varkey, Sacks, Sisitsky, Thoyer and Stern was previously filed with the U.S. Securities & Exchange Commission on February 24, 2014 as an exhibit to a statement on Form 4 filed by Stonehill Capital Management LLC with respect to WCIC and is hereby incorporated by reference. Solely for purposes of Section 16 of the Exchange Act, each of Partners and, by virtue of their control of Partners, Management and GP (as defined in Exhibit 99.1), 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 CAPITAL MANAGEMENT LLC, By: /s/ Paul Malek, Authorized Signatory 2015-04-23