SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Cofano Russell G.

(Last)

(First)

(Middle)

C/O EXP WORLD HOLDINGS, INC.

1321 KING STREET, SUITE 1

(Street)

BELLINGHAM

98229

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/21/2016

3. Issuer Name and Ticker or Trading Symbol
EXP World Holdings, Inc. [ EXPI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	96,000⁽¹⁾	D
Common Stock	32,000⁽²⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽³⁾	07/29/2026	Common Stock	500,000	$1.77	D
Stock Option (Right to Buy)	⁽⁴⁾	07/29/2026	Common Stock	150,000	$1.77	D

Explanation of Responses:

1. Reporting person received a grant of 96,000 shares of restricted common stock on July 29, 2016, which vest as to 1/16th of the award upon the completion of each three-month period after the grant date.

2. Reporting person received a grant of up to 32,000 shares of restricted common stock on July 29, 2016, which shares are subject to both the achievement of performance milestones and time vesting.

3. The stock option shares vest as to 1/16th of the award upon the completion of each three-month period, becoming fully vested after four years of continuous employment.

4. The stock option shares are subject to both the achievement of performance milestones and time vesting.

Remarks:

Filed herewith - Exhibit 24 - Power of attorney

	/s/ Lance McKinlay, attorney-in-fact for Russell G. Cofano	10/19/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.