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

Jan 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2014-01-24

Reporting Person: Hewatt Michael W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-24	Common Stock	M	3333	—	Acquired	3333	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-24	Restricted Stock Unit	$	M	3333	Disposed		Common Stock (3333)	Direct

Footnotes

F1: Each restricted stock unit converts into one share of DHI common stock.

F2: On January 24, 2013, the reporting person was granted 10,000 restricted stock units, vesting in three annual installments beginning January 24, 2014 and settling on each February 5th anniversary date if no tax deferral election was made within 30 days of January 24, 2013. The reporting person elected to defer settlement of all restricted stock units, granted on January 24, 2013, to February 5, 2016.