<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
M.D.C. Holdings, Inc.
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
552676108
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel McMillin & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 1, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13-d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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 disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposes 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).
Page 1 of 10 Pages<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 552676108 Page 2 of 10 Pages
- ------------------- ------------------
===============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- --------------------------------------------------------------------------------
8 SHARED VOTING POWER
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 552676108 Page 3 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- --------------------------------------------------------------------------------
8 SHARED VOTING POWER
760,942 (Includes a $1,052,000 bond convertible at $7.75 into 135,742
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
760,942 (Includes a $1,052,000 bond convertible at $7.75 into 135,742
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
760,942 (Includes a $1,052,000 bond convertible at $7.75 into 135,742
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 552676108 Page 4 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SC Fundamental Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- --------------------------------------------------------------------------------
8 SHARED VOTING POWER
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,432,255 (Includes a $1,948,000 bond convertible at $7.75 into 251,365
shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 552676108 Page 5 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gary N. Siegler
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- --------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 552676108 Page 6 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter M. Collery
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- --------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,193,197 (Includes a $1,948,000 bond and a $1,052,000 bond convertible at
$7.75 into an aggregate of 387,107 shares of the Issuer's Common Stock)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
Page 7 of 10 Pages
AMENDMENT
No. 4
TO THE
SCHEDULE 13D
The Reporting Persons consisting of SC Fundamental Inc., The SC Fundamental
Value Fund, L.P., SC Fundamental Value BVI, Inc., Gary N. Siegler and Peter M.
Collery, hereby amend their Schedule 13D relating to the Common Stock, par value
$0.01, of M.D.C. Holdings.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate purchase prices of the shares of the Issuer's Common
Stock ("Shares") purchased by the Fund and BVI Inc., respectively, as reported
in Item 5(c) of this Schedule 13D were as follows:
Name of Aggregate
Reporting Person Purchase Price
Fund $ 350,215.47
BVI Inc. (on behalf of BVI Ltd.) $ 204,178.75
The Reporting Persons listed above purchased the Shares reported in
Item 5(c) of this Schedule 13D with funds extended by brokerage firms in
connection with margin transactions effected for Fund and BVI Ltd.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on January 12, 1996, the Reporting
Persons, by virtue of the language of Rule 13d-3, may be deemed to own
beneficially in the aggregate the number and percentage of the Issuer's Common
Stock set forth opposite their names below (based upon the number of shares of
the Issuer's Common Stock that were reported to be outstanding in the Issuer's
Form 10-Q for the quarter ending October 31, 1995).
<PAGE>
<PAGE> Page 8 of 10 Pages
<TABLE>
<CAPTION>
================================================================================
Name Shares of Common Stock Percentage
- --------------------------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 1,432,255 7.3%
- --------------------------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 1,432,255 7.3%
- --------------------------------------------------------------------------------
SC Fundamental(1)
Value BVI, Inc. 760,942 3.9%
- --------------------------------------------------------------------------------
Gary N. Siegler(2) 2,193,197 11.0%
- --------------------------------------------------------------------------------
Peter M. Collery(2)(3) 2,193,197 11.0%
================================================================================
(1) Includes shares of the Issuer's Common Stock previously attributed to SC
Fundamental Inc., in its capacity as the investment manager of the Managed
Account. On December 31, 1994, SC Fundamental Inc.'s relationship with the
Managed Account as the Managed Account's investment manager ended and,
consequently, the shares of the Issuer's Common Stock held for the benefit
of the Managed Account were distributed to SC Fundamental Value BVI, Inc.
(2) Includes a $1,948,000 bond and a $1,052,000 bond convertible at $7.75 into
an aggregate of 387,107 shares of the Issuer's Common Stock.
(3) Excludes 8,000 shares of the Issuer's Common Stock which were held by a
charitable organization for which Mr. Collery acts as a Trustee. Mr.
Collery may be deemed to be the beneficial owner pursuant to Rule 13d-3;
however, Mr. Collery expressly disclaims personal beneficial ownership
thereof and any pecuniary interest therein.
(c) The following table sets forth the transactions effected by each
of the Reporting Persons listed in Item 5(a) during the past sixty days. Unless
otherwise noted, each of the transactions set forth below reflects a purchase
effected on the New York Stock Exchange.
<PAGE>
<PAGE> Page 9 of 10 Pages
</TABLE>
<TABLE>
<CAPTION>
================================================================================
BVI, Inc.
Trade Price Per on behalf
Date Share ($) Fund of BVI, Ltd. Seigler Collery
<S> <C> <C> <C> <C> <C>
11/3/95 6.7500 27,000 14,000 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/10/95 6.6250 350 150 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/13/95 6.6250 650 350 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/14/95 6.6250 7,000 3,600 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/15/95 6.6250 13,200 6,800 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/29/95 6.5000 9,950 5,050 - 0 - - 0 -
- ---------------------------------------------------------------------------------
11/30/95 6.6250 350 150 - 0 - - 0 -
- ---------------------------------------------------------------------------------
12/1/95 6.6250 600 300 - 0 - - 0 -
- ---------------------------------------------------------------------------------
12/1/95 6.6250 0 0 - 0 - - 0 -
- ---------------------------------------------------------------------------------
<PAGE>
<PAGE> Page 10 of 10 Pages
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete and
correct.
Dated: January 12, 1996
SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ---------------------------------
Neil H. Koffler
as Attorney-in Fact for
Peter M. Collery
Vice President*
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ----------------------------------
Neil H. Koffler as
Attorney-in Fact for
Peter M. Collery
Vice President*
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Peter M. Collery
- ----------------------------------
Neil H. Koffler as
Attorney-in-Fact for
Peter M. Collery
Vice President*
/s/ Gary N. Siegler
- ---------------------------------
Neil H. Koffler as
Attorney-in-Fact for
Gary N. Siegler*
/s/ Peter M. Collery
- ---------------------------------
Neil H. Koffler as
Attorney-in-Fact for
Peter M. Collery*
* Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery and
Gary N. Siegler. The Powers of Attorney for Messrs. Collery & Siegler were
filed as Exhibit A to Amendment No. 5 to Schedule 13D relating to US
Facilities Corporation on August 4, 1995 and is hereby incorporated herein
by reference. 66856
</TABLE>
