HORTON D R INC /DE/ — Director's Dealing 2017

Feb 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2017-02-12

Reporting Person: Murray Michael J (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-12	Common Stock	M	6580	—	Acquired	16980	Direct
2017-02-13	Common Stock	S	2925	$30.5702	Disposed	14055	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-12	Restricted Stock Unit	$	M	6580	Disposed		Common Stock (6580)	Direct
2017-02-14	Restricted Stock Unit	$	A	29650	Acquired		Common Stock (29650)	Direct

Footnotes

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

F2: Shares sold to cover withholding tax obligations for the shares vested February 12, 2017.

F3: The price reported in Column 4 is a weighted average price. The prices actually received ranged from $30.451 to $30.585. 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 within the range.

F4: On February 12, 2016, the reporting person was granted 32,900 restricted stock units, vesting in five annual installments beginning February 12, 2017.

F5: Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.

F6: The restricted stock units vest in five equal annual installments beginning February 14, 2018.