PULTEGROUP INC/MI/ — Director's Dealing 2011

Feb 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PULTEGROUP INC/MI/ (PHM)
CIK: 0000822416
Period of Report: 2011-02-10

Reporting Person: CREGG ROGER A (Exec VP, Chief Fin Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-10	Common Stock	A	90000	—	Acquired	770394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-10	Employee Stock Option (Right to Buy)	$7.765	A	67500	Acquired	2021-02-10	Common Stock (67500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Units	39.723	Indirect

Footnotes

F1: Represents units of the PulteGroup, Inc. Stock Fund (the Fund) of the PulteGroup, Inc. 401(k) Plan. The Fund consists of cash and Common Stock in amounts that vary from time to time. The reporting person's units represent 86.091 shares of PulteGroup, Inc. Common Stock held in the Fund as of 1/31/2011.

F2: These options vest 50% on 2/10/2013, and 25% on both 2/10/2014 and 2/10/2015.