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: TOMNITZ DONALD J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-01	Common Stock	M	140000	$10.95	Acquired	1450006	Direct
2012-02-01	Common Stock	S	122676	$14.0333	Disposed	1327330	Direct
2012-02-01	Common Stock	S	161078	$14.133	Disposed	1166252	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	140000	Disposed	2012-07-18	Common Stock (140000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20568	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The prices actually ranged from $14.00 to $14.11. 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 withing the range.

F2: The price reported in Column 4 is a weighted average price. The prices actually ranged from $14.10 to $14.18. 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 withing the range.

F3: Following all transactions listed on this Form 4, Mr. Tomnitz owns directly 1,166,252 shares of DHI common stock and owns indirectly 20,568 shares of DHI common stock.

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 July 18. July 18, 2003 reflects the one-year anniversary date from the date of the stock option grant.