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

May 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2012-05-01

Reporting Person: DWYER STACEY (EVP and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock	M	8000	$10.95	Acquired	98083	Direct
2012-05-01	Common Stock	S	8000	$16.65	Disposed	90083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-01	Employee Stock Option (right to buy)	$10.95	M	8000	Disposed	2012-07-18	Common Stock (8000)	Direct

Footnotes

F1: 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.