EAGLE MATERIALS INC — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EAGLE MATERIALS INC (EXP)
CIK: 0000918646
Period of Report: 2011-03-03

Reporting Person: Powers David B (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	M	19866	$9.5742	Acquired	31126	Direct
2011-03-03	Common Stock	S	19866	$32.3982	Disposed	11260	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	Non-qualified Stock Option (Right to Buy)	$9.5742	M	19866	Disposed	2012-10-24	Common Stock (19866)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1513	Indirect

Footnotes

F1: This price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $32.35 to $32.54. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.

F2: Shares vested upon achievement of certain levels of operating earnings and return on average net assets.