HORTON D R INC /DE/ — Director's Dealing 2016

Nov 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2016-11-05

Reporting Person: WHEAT BILL W (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-05	Common Stock	M	10000	—	Acquired	91509	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-05	Restricted Stock Unit	$	M	10000	Disposed		Common Stock (10000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.

F2: On November 5, 2014, the reporting person was granted 30,000 restricted stock units, vesting in three annual installments beginning November 5, 2015 and settling on each November 23rd anniversary date if no tax deferral election was made within 30 days of November 5, 2014. The reporting person elected to defer settlement of all restricted stock units, granted on November 5, 2014, to November 23, 2017.