Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Martin Robert Nathaniel
2. Date of Event Requiring Statement (Month/Day/Year)
05/23/2015
3. Issuer Name and Ticker or Trading Symbol
MDC HOLDINGS INC [MDC]
(Last)
(First)
(Middle)
4350 S. MONACO STREET, SUITE 500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, CFO, PAO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DENVER, CO 80237
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock $.01 Par Value 10,099
D
 
Common Stock $.01 Par Value 292.5
I
401(k) Savings Plan (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Statutory Stock Option (right to buy) (2) 04/29/2009 12/01/2015 Common Stock $.01 Par Value 2,000 $ 45.04 D  
Non-Statutory Stock Option (right to buy) (3) 01/26/2013 01/26/2022 Common Stock $.01 Par Value 7,500 $ 21 D  
Non-Statutory Stock Option (right to buy) (4) 11/27/2013 11/27/2022 Common Stock $.01 Par Value 10,000 $ 34.95 D  
Non-Statutory Stock Option (right to buy) (5) 01/22/2015 01/22/2024 Common Stock $.01 Par Value 10,000 $ 31.12 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Martin Robert Nathaniel
4350 S. MONACO STREET
SUITE 500
DENVER, CO 80237
      SVP, CFO, PAO  

Signatures

Robert N. Martin 05/26/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.
(2) Granted on April 29, 2008 under the Company's 2001 Equity Incentive Plan and a Stock Option Agreement. This option vested as to 20% of the shares covered thereby on each of April 29, 2009, 2010, 2011, 2012 and 2013. This option was granted at the April 29, 2008 market close price.
(3) Granted on January 26, 2012 under the Company's 2011 Equity Incentive Plan and a Stock Option Agreement. This option vested as to 25% of the shares covered thereby on each of January 26, 2013, 2014 and 2015. This option will have a final vest of 25% of the shares covered thereby on January 26, 2016. This option was granted at the January 26, 2012 market close price.
(4) Granted on November 27, 2012 under the Company's 2011 Equity Incentive Plan and a Stock Option Agreement. This option vested as to 25% of the shares covered thereby on each of November 27, 2013 and 2014. This option will vest as to 25% of the shares covered thereby on each of November 27, 2015 and 2016. This option was granted at the November 27, 2012 market close price.
(5) Granted on January 22, 2014 under the Company's 2011 Equity Incentive Plan and a Stock Option Agreement. The option vested as to 25% of the shares covered thereby on January 22, 2015. This option will vest as to 25% of the shares covered thereby on each of January 22, 2016, 2017 and 2018. This option was granted at the January 22, 2014 market close price.
 
Remarks:
Exhibit List:  Exhibit 24 - Power of Attorney

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