HORTON D R INC /DE/ — Director's Dealing 2012

Feb 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2012-02-01

Reporting Person: WHEAT BILL W (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-01	Common Stock	M	72000	$10.95	Acquired	95167	Direct
2012-02-01	Common Stock	M	24000	$9.03	Acquired	119167	Direct
2012-02-01	Common Stock	S	93500	$14.0264	Disposed	25667	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-01	Employee Stock Option (right to buy)	$10.95	M	72000	Disposed	2012-07-18	Common Stock (72000)	Direct
2012-02-01	Employee Stock Option (right to buy)	$9.03	M	24000	Disposed	2019-02-09	Common Stock (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	116	Indirect
Common Stock	332	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The prices actually received ranged from $14.00 to $14.13. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: Following all transactions listed on this Form 4, Mr. Wheat owns directly 25,667 shares of DHI common stock and indirectly owns 448 shares of DHI common stock.

F3: Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of July 18 and vests as to the remaining 10% 9.75 years after the option grant date of July 18, 2002. July 18, 2003 reflects the one-year anniversary date from the date of the stock option grant.

F4: Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.