EAGLE MATERIALS INC — Director's Dealing 2011

Dec 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EAGLE MATERIALS INC (EXP)
CIK: 0000918646
Period of Report: 2011-12-15

Reporting Person: Graass James H (EVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-15	Common Stock	M	5000	$13.425	Acquired	84272	Direct
2011-12-15	Common Stock	S	5000	$23.10	Disposed	79272	Direct
2011-12-16	Common Stock	M	4500	$13.425	Acquired	83772	Direct
2011-12-16	Common Stock	S	4500	$23.80	Disposed	79272	Direct
2011-12-19	Common Stock	M	500	$13.425	Acquired	79772	Direct
2011-12-19	Common Stock	S	500	$23.80	Disposed	79272	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-15	Non-qualified Stock Option (Right to Buy)	$13.425	M	5000	Disposed	2012-05-09	Common Stock (5000)	Direct
2011-12-16	Non-qualified Stock Option (Right to Buy)	$13.425	M	4500	Disposed	2012-05-09	Common Stock (4500)	Direct
2011-12-19	Non-qualified Stock Option (Right to Buy)	$13.425	M	500	Disposed	2012-05-09	Common Stock (500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Restricted Common Stock Units	8331.1189	Direct
Common Stock	547	Indirect
Common Stock	543	Indirect

Footnotes

F1: Shares vested upon achievement of certain levels of operating earnings and return on average net assets.