PULTEGROUP INC/MI/ — Director's Dealing 2011

May 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PULTEGROUP INC/MI/ (PHM)
CIK: 0000822416
Period of Report: 2011-05-12

Reporting Person: MURCHISON III CLINT W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-12	Common Stock	M	13271	—	Acquired	40992	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-12	Deferred Share Unit	$	M	13271	Disposed		Common Stock (13271)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	125724	Indirect

Footnotes

F1: The date exercisable and expiration date are both the date of the Director's termination of Board membership.

F2: The units will convert into shares of common stock on a 1-for-1 basis.