SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 2)
MDC HOLDINGS, INC.
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(Name of Issuer)
Shares of Common Stock, par value $.01 per share
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(Title of Class of Securities)
55267W309
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(CUSIP Number)
August 7, 2002
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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)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. 55267W309 13G/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Greenlight Capital, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF
SHARES 2,612,382
BENEFICIALLY -------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0
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7 SOLE DISPOSITIVE POWER
2,612,382
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,612,382
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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
9.8%**
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).
2
CUSIP No. 55267W309 13G/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David Einhorn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5 SOLE VOTING POWER
NUMBER OF
SHARES 2,672,382
BENEFICIALLY -------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0
-------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,672,382
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,672,382
--------------------------------------------------------------------------------
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
10.0% **
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).
3
CUSIP No. 55267W309 13G/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey A. Keswin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5 SOLE VOTING POWER
NUMBER OF
SHARES 2,672,382
BENEFICIALLY -------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH 0
-------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,672,382
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,672,382
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0% **
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).
4
AMENDMENT NO. 2 TO SCHEDULE 13G
This Amendment No. 2 to Schedule 13G (the "Schedule 13G") relating to
shares of common stock of MDC Holdings, Inc., a Delaware corporation (the
"Issuer"), is being filed with the Securities and Exchange Commission (the
"Commission") as an amendment to Schedule 13G filed with the Commission on
January 26, 2001, as amended from time to time (the "Original 13G"). This
statement is being filed on behalf of Greenlight Capital, L.L.C., a Delaware
limited liability company ("Greenlight"), and Mr. David Einhorn and Mr. Jeffrey
A. Keswin, the principals of Greenlight and of Greenlight Masters, LLC
("Greenlight Masters").
This Schedule 13G relates to shares of Common Stock of the Issuer
purchased by Greenlight for the accounts of (i) Greenlight Capital, L.P.
("Greenlight Fund"), of which Greenlight is the general partner, (ii) Greenlight
Capital Qualified, L.P. ("Greenlight Qualified"), of which Greenlight is the
general partner, (iii) Greenlight Capital Offshore, Ltd. ("Greenlight
Offshore"), to which Greenlight acts as investment advisor, and to shares of
Common Stock of the Issuer purchased by Greenlight Masters, of which Messrs.
Einhorn and Keswin are the principals.
The Original Schedule 13G is further amended and supplemented as
follows:
ITEM 4 OWNERSHIP.
Item 4 is hereby amended and restated in its entirety as follows:
(a) Greenlight is the beneficial owner of 2,612,382 shares of
Common Stock. Messrs. Einhorn and Keswin are the beneficial
owners of 2,672,382 shares of Common Stock.
(b) Greenlight is the beneficial owner of 9.8% of the outstanding
shares of Common Stock. Messrs. Einhorn and Keswin are the
beneficial owners of 10.0% of the outstanding shares of Common
Stock. These percentages are determined by dividing 2,612,382
and 2,672,382, respectively, by 26,677,000, the number of
shares of Common Stock issued and outstanding as of August 2,
2002, as reported in the Issuer's quarterly report on Form
10-Q filed August 7, 2002.
(c) Greenlight has the sole power to vote and dispose of the
2,612,382 shares of Common Stock beneficially owned by it. As
the principals of both Greenlight and Greenlight Masters,
Messrs. Einhorn and Keswin may direct the vote and disposition
of the 2,672,382 shares of Common Stock beneficially owned by
each of Greenlight and Greenlight Masters.
ITEM 10 CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were
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not acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
EXHIBITS EXHIBIT 1
Joint Filing Agreement dated January 26, 2001, between
Greenlight, David Einhorn and Jeffrey A. Keswin.
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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.
Date: October 15, 2002
Greenlight Capital, L.L.C.
By: /S/ JEFFREY A. KESWIN
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JEFFREY A. KESWIN, Managing Member
/S/ DAVID EINHORN
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David Einhorn
/S/ JEFFREY A. KESWIN
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Jeffrey A. Keswin
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INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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1 Joint Filing Agreement dated January 26, 2001, between
Greenlight, David Einhorn and Jeffrey A. Keswin.