PULTEGROUP INC/MI/ — Director's Dealing 2011

Feb 10, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: BEIRNE PATRICK (Area President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60677	Direct
Units	30975.57	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$10.9125	2011-12-13	Common Stock (20000)		Direct
Employee Stock Option (Right to Buy)	$11.4025	2012-12-12	Common Stock (40000)		Direct
Employee Stock Option (Right to Buy)	$21.635	2013-12-11	Common Stock (80000)		Direct
Employee Stock Option (Right to Buy)	$28.3625	2014-12-09	Common Stock (100000)		Direct
Employee Stock Option (Right to Buy)	$40.405	2015-12-08	Common Stock (75000)		Direct
Employee Stock Option (Right to Buy)	$34.235	2016-12-07	Common Stock (75000)		Direct
Employee Stock Option (Right to Buy)	$10.93	2017-12-06	Common Stock (55000)		Direct
Employee Stock Option (Right to Buy)	$11.355	2018-12-09	Common Stock (30000)		Direct
Employee Stock Option (Right to Buy)	$12.335	2019-08-18	Common Stock (40000)		Direct
Employee Stock Option (Right to Buy)	$11.445	2020-02-11	Common Stock (25000)		Direct

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 represents 67,133.365 shares of PulteGroup, Inc. Common Stock held in the Fund as of 1/31/2011.

F2: These options vest 50% on 12/6/2009, and 25% on both 12/6/2010 and 12/6/2011.

F3: These options will vest 50% on 12/9/2010 and 25% on 12/9/2011 and 12/9/2012.

F4: These options vest 50% on 8/18/2011; and 25% on both 8/18/2012 and 8/18/2013.

F5: These options vest 50% on 02/11/2012, and 25% on both 02/11/2013 and 02/11/2014.