SEC Form 4 · accession 0000882184-15-000071

· DHI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Michael J Murray

Officer — EVP and COO

Period of report

Sep 9, 2015

Accepted (ET)

Sep 10, 2015 · 4:58 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000882184

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Sep 9, 2015	M	27,000	$29.44	A	32,113	D
Common Stock	Sep 9, 2015	M	32,000	$14.50	A	64,113	D
Common Stock	Sep 9, 2015	M	8,000	$9.03	A	72,113	D
Common Stock^F1	Sep 9, 2015	S	37,790	$31.252	D	34,323	D
Common Stock^F2,F3	Sep 9, 2015	S	27,710	$31.171	D	6,613	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F4	$29.44	Sep 9, 2015	M	27,000	D	May 2, 2007	May 2, 2016	Common Stock	27,000	3,000	D
Employee Stock Option (right to buy)^F5	$14.50	Sep 9, 2015	M	32,000	D	Feb 11, 2009	Feb 11, 2018	Common Stock	32,000	24,000	D
Employee Stock Option (right to buy)^F6	$9.03	Sep 9, 2015	M	8,000	D	Feb 9, 2010	Feb 9, 2019	Common Stock	8,000	32,000	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $31.25 to $31.265. 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 that range.
F2The price reported in Column 4 is a weighted average price. The prices actually received ranged from $31.16 to $31.185. 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 that range.
F3Following all transactions listed on this Form 4, Mr. Murray owns directly 6,613 shares of DHI common stock. These transactions increased Mr. Murray's direct ownership by 1,500 shares.
F4Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of May 2 and vests as to the remaining 10% 9.75 years after the option grant date of May 2, 2006. May 2, 2007 reflects the one-year anniversary date from the date of the stock option grant.
F5Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 11 and vests as to the remaining 10% 9.75 years after the option grant date of February 11, 2008. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.
F6Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.