UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 23)
M.D.C. Holdings, Inc.
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(Name of Issuer)
Common Stock, $.01 Par Value Per Share
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(Title of Class of Securities)
552676 10 8
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(CUSIP Number)
December 31, 2003
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ X ] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 552676108 SCHEDULE 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Larry A. Mizel
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Not Applicable (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
4,126,583 shares
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6. WITH SHARED VOTING POWER
1,506,696 shares
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7. WITH SOLE DISPOSITIVE POWER
4,126,583 shares
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8. WITH SHARED DISPOSITIVE POWER
1,506,696 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,633,279 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.83%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 552676108 SCHEDULE 13G Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
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M.D.C. Holdings, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
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3600 South Yosemite Street, Suite 900
Denver, Colorado 80237
Item 2(a) Name of Person Filing:
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Larry A. Mizel
Item 2(b) Address of Principal Business Office, or, if None, Residence:
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3600 South Yosemite Street, Suite 900
Denver, Colorado 80237
Item 2(c) Citizenship:
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United States of America
Item 2(d) Title of Class of Securities:
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common stock, $.01 par value per share
Item 2(e) CUSIP Number:
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552676 10 8
Item 3 Not Applicable.
Item 4(a) Amount Beneficially Owned:
5,633,279 shares
Item 4(b) Percent of Class:
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18.83 %
Item 4(c) Number of Shares as to Which Such Person Has:
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(i) Sole power to vote or direct the vote - 4,126,583 shares which
includes 3,624,062 shares owned directly, 500,637 shares issuable upon
the exercise of stock options (exercisable within 60 days of December
31, 2003) granted to the reporting person under the Issuer's stock
option plans and 1,884 shares held in account for the reporting person
in the Company's 401(k) Plan.
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CUSIP No. 552676108 SCHEDULE 13G Page 4 of 5 Pages
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(ii) Shared power to vote or direct the vote - 1,506,696 shares
This amount includes 995,820 shares owned by the reporting
person's spouse, and 70,876 shares that the reporting person
may be deemed to beneficially own because the voting of these
70,876 shares is controlled by CVentures, Inc., a corporation
whose outstanding stock is owned by the Reporting Person and
certain trusts of which the reporting person is a beneficiary.
The reporting person also is a director and president of
CVentures, Inc.
This amount also includes 440,000 shares that the reporting
person may be deemed to beneficially own because the reporting
person owns all of the voting units in CLCD LLC, a limited
liability company that owns these 440,000 shares. Also, the
sole manager of CLCD LLC is CVentures, Inc., a corporation
whose outstanding stock is owned by the Reporting Person and
certain trusts of which the reporting person is a beneficiary.
The reporting person also is a director and president of
CVentures, Inc.
(iii) Sole power to dispose or direct the disposition of - 4,126,583
shares, which includes 3,624,062 shares owned directly by the reporting
person, 500,637 shares issuable upon the exercise of stock options
(exercisable within 60 days of December 31, 2003) granted to the
reporting person under the Issuer's stock option plans and 1,884 shares
held in account for the reporting person in the Company's 401(k) Plan.
(iv) Shared power to dispose or direct the disposition of - 1,506,696
shares, which includes the shares described in response to Item
4(c)(ii) above.
Item 5 Ownership of 5% or Less of a Class:
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Not Applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
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Not Applicable.
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Securities Being Reported by the Parent Holding
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Company or Control Person:
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Not Applicable.
Item 8 Identification and Classification of Members of the Group:
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Not Applicable.
Item 9 Notice of Dissolution of Group:
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Not Applicable.
Item 10 Certification:
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Not Applicable.
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CUSIP No. 552676108 SCHEDULE 13G Page 5 of 5 Pages
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 13, 2004 /s/ Larry A. Mizel
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Reporting Ownership Larry A. Mizel
As of December 31,
2003