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

Mar 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2012-03-15

Reporting Person: WHEAT BILL W (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-15	Common Stock	M	6000	$9.03	Acquired	31667	Direct
2012-03-15	Common Stock	S	6000	$16.362	Disposed	25667	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-15	Employee Stock Option (right to buy)	$9.03	M	6000	Disposed	2019-02-09	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	116	Indirect
Common Stock	332	Indirect

Footnotes

F1: 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.

F2: 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.