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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 24)*

M.D.C. Holdings, Inc.
(Name of Issuer)

Common Stock, $.01 Par Value Per Share
(Title of Class of Securities)

552676 10 8
(CUSIP Number)

December 31, 2004
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     
o Rule 13d-1(b)
o 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 1745 (12-02)


 

         
 
       
CUSIP No. 552676108
  SCHEDULE 13G   Page 2 of 5 Pages
 
       

  1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Larry A. Mizel
 

  2. Check the Appropriate Box if a Member of a Group (See Instructions)

     (a)   o

     (b)   o


  3. SEC Use Only

  4. Citizenship or Place of Organization
United States of America

  5.   Sole Voting Power
5,752,314 shares
     
     
Number of   6.   Shared Voting Power
1,872,073 shares
Shares      
Beneficially      
Owned by Each   7.   Sole Dispositive Power
5,752,314 shares
Reporting      
Person    
With:   8.   Shared Dispositive Power
1,872,073 shares
     

  9. Aggregate Amount Beneficially Owned by Each Reporting Person
7,624,387 shares


  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 


  11. Percent of Class Represented by Amount In Row (9)
17.39%


  12. Type of Reporting Person (See Instructions)
IN


 

         
 
       
CUSIP No. 552676108
  SCHEDULE 13G   Page 3 of 5 Pages
 
       
     
Item 1(a)
  Name of Issuer:
  M.D.C. Holdings, Inc.
 
   
Item 1(b)
  Address of Issuer’s Principal Executive Offices:
  3600 South Yosemite Street, Suite 900
Denver, Colorado 80237
 
   
Item 2(a)
  Name of Person Filing:
  Larry A. Mizel
 
   
Item 2(b)
  Address of Principal Business Office, or, if None, Residence:
  3600 South Yosemite Street, Suite 900
Denver, Colorado 80237
 
   
Item 2(c)
  Citizenship:
  United States of America
 
   
Item 2(d)
  Title of Class of Securities:
  common stock, $.01 par value per share
 
   
Item 2(e)
  CUSIP Number:
  552676 10 8
 
   
Item 3
  Not Applicable.
 
   
Item 4(a)
  Amount Beneficially Owned:
  7,624,387 shares
 
   
Item 4(b)
  Percent of Class:
  17.39% (based upon the number of shares of the Issuer’s Common Stock that were outstanding as of November 3, 2004 as reported in the Issuer’s Form 8-K filed on December 15, 2004 and as adjusted to reflect the Issuer’s subsequent stock split in the form of a 30% stock dividend)
 
   
Item 4(c)
  Number of Shares as to Which Such Person Has:

(i) Sole power to vote or direct the vote – 5,752,314 shares which includes 5,090,502 shares owned directly, 659,085 shares issuable upon the exercise of stock options (exercisable within 60 days of December 31, 2004) granted to the reporting person under the Issuer’s stock option plans and 2,727 shares held in account for the reporting person in the Company’s 401(k) Plan.


 

         
 
       
CUSIP No. 552676108
  SCHEDULE 13G   Page 4 of 5 Pages
 
       

(ii) Shared power to vote or direct the vote — 1,872,073 shares

This amount includes 1,357,064 shares owned by the reporting person’s spouse, and 515,009 shares that the reporting person may be deemed to be an indirect beneficial owner of because his spouse owns all of the voting units in CLCD LLC, a limited liability company that owns these 515,009 shares. In addition, the reporting person is the beneficiary of various trusts which own 50.6885% of the stock of CVentures, Inc., a corporation which is the sole manager of CLCD LLC. Also, the reporting person owns 49.3115% of the common stock of CVentures, Inc. in his own name and he is a director and president of CVentures, Inc.

(iii) Sole power to dispose or direct the disposition of — 5,752,314 shares, which includes 5,090,502 shares owned directly by the reporting person, 659,085 shares issuable upon the exercise of stock options (exercisable within 60 days of December 31, 2004) granted to the reporting person under the Issuer’s stock option plans and 2,727 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 — 1,872,073 shares, which includes the shares described in response to Item 4(c)(ii) above.

Item 5  Ownership of 5% or Less of a Class:

Not Applicable.

Item 6  Ownership of More than 5% on Behalf of Another Person:

Not Applicable.

Item 7  Identification and Classification of the Subsidiary Which Acquired the Securities Being Reported by the Parent Holding Company or Control Person:

Not Applicable.

Item 8  Identification and Classification of Members of the Group:

Not Applicable.

Item 9  Notice of Dissolution of Group:

Not Applicable.

Item 10  Certification:

Not Applicable.

 


 

         
 
       
CUSIP No. 552676108
  SCHEDULE 13G   Page 5 of 5 Pages
 
       

SIGNATURE

     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 28, 2005   /s/ Larry A. Mizel    
               
  Reporting Ownership   Larry A. Mizel    
  As of December 31,        
  2004