SEC Form 4 · accession 0000882184-18-000021

· DHI

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

Reporting owner

Officer — Chairman · Director

Period of report

Feb 9, 2018

Accepted (ET)

Feb 12, 2018 · 5:07 pm EST

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	Dec 13, 2017	G	2,529	$0.00	D	23,232,112	D
Common Stock	Feb 9, 2018	M	300,000	$14.50	A	23,532,112	D
Common Stock^F2,F3	Feb 9, 2018	S	178,200	$44.0573	D	23,353,912	D

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	$14.50	Feb 9, 2018	M	300,000	D	Feb 11, 2009	Feb 11, 2018	Common Stock	300,000	0	D

F1This transaction involved gifts of securities to the trusts of five individuals outside of Mr. Horton's household and is being voluntarily disclosed on this Form 4. Mr. Horton disclaims beneficial ownership of the shares gifted.
F2The price reported in Column 4 is a weighted average price. The prices actually received ranged from $43.66 to $44.51. 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.
F3Following all transactions listed on this Form 4, Mr. Horton owns directly 23,353,912 shares of DHI common stock. These transactions increased Mr. Horton's direct ownership by 119,271 shares.
F4Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of February 11. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.