FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/01/2014 |
3. Issuer Name and Ticker or Trading Symbol
HORTON D R INC /DE/ [ DHI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 320 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | (1) | 05/02/2016 | Common Stock | 30,000 | $29.44 | D | |
Stock Option (right to buy) | (2) | 02/11/2018 | Common Stock | 56,000 | $14.5 | D | |
Stock Option (right to buy) | (3) | 02/09/2019 | Common Stock | 56,000 | $9.03 | D | |
Stock Option (right to buy) | (4) | 09/02/2021 | Common Stock | 69,000 | $9.97 | D | |
Stock Option (right to buy) | (5) | 03/05/2023 | Common Stock | 60,000 | $23.8 | D | |
Stock Option (right to buy) | (6) | 03/06/2024 | Common Stock | 60,000 | $23.86 | D |
Explanation of Responses: |
1. The stock option grant was granted May 2, 2006, has a ten-year term and vests as to 10% of the grant amount on 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. Accordingly, on May 2, 2007, the initial 10% of the 30,000 options granted vested. |
2. The stock option grant was granted February 11, 2008, has a ten-year term and vests as to 10% of the grant amount on 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. Accordingly, on February 11, 2009, the initial 10% of the 80,000 options granted vested. |
3. The stock option grant was granted February 9, 2009, has a ten-year term and vests as to 10% of the grant amount on 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. Accordingly, on February 9, 2010, the initial 10% of the 80,000 options granted vested. |
4. The stock option grant was granted September 2, 2011, has a ten-year term and vests as to 20% of the option shares on the first five anniversary dates of September 2. Accordingly, on September 2, 2012, the initial 20% of the 80,000 options granted vested. |
5. The stock option grant was granted March 5, 2013, has a ten-year term and vests as to 20% of the option shares on the first five anniversary dates of March 5. Accordingly, on March 5, 2014, the initial 20% of the 60,000 options granted vested. |
6. The stock option grant was granted March 6, 2014, has a ten-year term and vests as to 20% of the option shares on the first five anniversary dates of March 6. Accordingly, on March 6, 2015, the initial 20% of the 60,000 options granted will vest. |
Remarks: |
/s/ Michael J. Murray | 10/08/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |