Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Lipar Eric Thomas
   2. Issuer Name and Ticker or Trading Symbol
LGI Homes, Inc. [LGIH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
(Last)
(First)
(Middle)
1450 LAKE ROBBINS DRIVE, SUITE 430		 3. Date of Earliest Transaction (Month/Day/Year)
05/02/2016
(Street)

THE WOODLANDS, TX 77380		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               501,433 D  
Common Stock 05/02/2016   J(1)   676,290 D $ 0 1,663,007 I By EDSS Holdings, LP (1)
Common Stock               23,244 I By LGI Fund II GP, LLC (2)
Common Stock               37,500 I By 401(k) plan
Common Stock               175 I By LGI Fund III GP, LLC (2)
Common Stock               17,326 I By spouse

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Lipar Eric Thomas
1450 LAKE ROBBINS DRIVE, SUITE 430
THE WOODLANDS, TX 77380		   X   X   See Remarks  

Signatures

 /s/ Eric Thomas Lipar   05/04/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) 2,339,297 shares of LGIH common stock owned by EDSS Holdings, LP were reported as an indirect position held by Mr. Eric Lipar, the sole owner of the general partner of EDSS Holdings, LP and a limited partner in EDSS Holdings, LP, in his Form 3 filed on November 15, 2013 and on his subsequent Form 4s. Mr. Eric Lipar disclaimed beneficial ownership of 678,396 shares of LGIH common stock owned by EDSS Holdings, LP attributable to another limited partner in EDSS Holdings, LP. 676,290 of these shares of LGIH common stock were distributed in a liquidating redemption of the limited partner's interest in EDSS Holdings, LP.
(2) The reporting person is the sole owner of the entity.

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