HORTON D R INC /DE/ — Director's Dealing 2014

Dec 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2014-12-19

Reporting Person: Hewatt Michael W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-19	Common Stock	M	4000	$9.03	Acquired	7333	Direct
2014-12-19	Common Stock	S	4000	$24.85	Disposed	3333	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-19	Stock Option (right to buy)	$9.03	M	4000	Disposed	2019-02-09	Common Stock (4000)	Direct

Footnotes

F1: Amount includes 3,333 shares of DHI common stock that the reporting person elected to defer settlement of until February 5, 2016.

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 February 9. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.