WILLIAM LYON HOMES (NYSE:WLH) Files An 8-K Results of Operations and Financial Condition

Item2.02.

On February22, 2017, William Lyon Homes (the Company) issued a
press release announcing its financial results for the three and
twelve months ended December31, 2016. A copy of the press release
is furnished herewith as Exhibit 99.1, and is incorporated herein
by reference.

The information in this Current Report on Form 8-K, including the
accompanying Exhibit 99.1, shall not be deemed filed for purposes
of Section18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to liability under that
section, except as specifically incorporated by reference into
the filings of the Company under the Securities Act of 1933, as
amended, or the Exchange Act.

Senior management of the Company will reference the materials
included in Exhibit 99.2 to this report (the Earnings
Presentation) during an earnings conference call to be held at
9:00 a.m. Pacific Time on February22, 2017. A copy of the
Earnings Presentation is furnished as Exhibit 99.2 to this
report.

In accordance with General Instruction B.2 of Form 8-K, the
information in this Item 7.01, including the Earnings
Presentation attached to this report as Exhibit 99.2, shall not
be deemed to be filed for purposes of Section18 of the Exchange
Act, or otherwise subject to the liability of that section, and
shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing. The
furnishing of the information in this report is not intended to,
and does not, constitute a determination or admission by the
Company that the information in this report is material or
complete, or that investors should consider this information
before making an investment decision with respect to any security
of the Company. In addition, the Earnings Presentation furnished
as an exhibit to this report may include forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995.

On February17, 2017, the board of directors (the Board) of the
Company approved a stock repurchase program, authorizing the
repurchase of up to an aggregate of $50million of its ClassA
common stock. The program allows the Company to repurchase shares
of ClassA common stock from time to time for cash in the open
market or privately negotiated transactions or other
transactions, as market and business conditions warrant and
subject to applicable legal requirements.

The stock repurchase program does not obligate the Company to
repurchase any particular amount of common stock, and it could be
modified, suspended or discontinued at any time.

(d) Exhibits

The following exhibits are furnished herewith:

About WILLIAM LYON HOMES (NYSE:WLH)

William Lyon Homes is a regional homebuilder. The Company is engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington and Oregon. The Company operates through six segments: California, Arizona, Nevada, Colorado, Washington and Oregon. The Company’s California Segment consists of operations in Orange, Los Angeles, San Diego, Riverside, San Bernardino, Alameda, Contra Costa and San Joaquin counties. The Arizona Segment consists of operations in the Phoenix metropolitan area. The Nevada Segment consists of operations in Clark and Nye counties. The Colorado Segment consists of operations in Douglas, Grand, Jefferson and Larimer counties. The Washington Segment consists of operations in King, Snohomish and Pierce counties. The Oregon Segment consists of operations in Clackamas and Washington counties. The Company owns approximately 13,480 lots.

WILLIAM LYON HOMES (NYSE:WLH) Recent Trading Information

WILLIAM LYON HOMES (NYSE:WLH) closed its last trading session up +0.22 at 18.23 with 450,193 shares trading hands.