Sec Form 3 Filing - Cofano Russell G. @ EXP World Holdings, Inc. - 2016-09-21

FORM 3 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 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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1. Name and Address of Reporting Person Cofano Russell G. 2. Issuer Name and Ticker or Trading Symbol EXP World Holdings, Inc. [ EXPI] 5. 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 (Last) (First) (Middle) C/O EXP WORLD HOLDINGS, INC., 1321 KING STREET, SUITE 1 3. Date of Earliest Transaction (MM/DD/YY) 09/21/2016 (Street) BELLINGHAM, WA98229 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 96,000 ( 1 ) D Common Stock 32,000 ( 2 ) D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Stock Option (Right to Buy) $ 1.77 ( 3 ) 07/29/2026 Common Stock 500,000 D Stock Option (Right to Buy) $ 1.77 ( 4 ) 07/29/2026 Common Stock 150,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Cofano Russell G. C/O EXP WORLD HOLDINGS, INC. 1321 KING STREET, SUITE 1 BELLINGHAM, WA98229 President and General Counsel Signatures /s/ Lance McKinlay, attorney-in-fact for Russell G. Cofano 10/19/2016 Signature of Reporting Person Date

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

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 4(b)(v).

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