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

Aug 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2012-08-28

Reporting Person: BUCHANAN MICHAEL R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-28	Common Stock	M	20000	$14.075	Acquired	20000	Direct
2012-08-28	Common Stock	M	8000	$14.50	Acquired	28000	Direct
2012-08-28	Common Stock	M	6000	$9.03	Acquired	34000	Direct
2012-08-28	Common Stock	S	34000	$18.7339	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-28	Stock Option (right to buy)	$14.075	M	20000	Disposed	2013-07-31	Common Stock (20000)	Direct
2012-08-28	Stock Option (right to buy)	$14.50	M	8000	Disposed	2018-02-11	Common Stock (8000)	Direct
2012-08-28	Stock Option (right to buy)	$9.03	M	6000	Disposed	2019-02-09	Common Stock (6000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. The prices actually received ranged from $18.720 to $18.761. 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: Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of July 31. July 31, 2004 reflects the one-year anniversary date from the date of the stock option grant.

F3: Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of February 11. February 11, 2009 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 20% of the option grant amount on each of the first five anniversary dates of February 9. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.