8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 12, 2003

STANDARD PACIFIC CORP.

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Other Jurisdiction of Incorporation) 1-0959 (Commission File Number) 33-0475989 (IRS Employer Identification No.)

15326 Alton Parkway
Irvine, California	92618
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:     (949) 789-1600

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.    Other

On May 12, 2003, Standard Pacific Corp. issued a press release announcing the sale of $175,000,000 of 6 ⁷/8% Senior Notes due 2011 (the “Press Release”). Attached hereto as Exhibit 99.1 and incorporated by reference herein is a copy of the Press Release.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:    May 12, 2003

STANDARD PACIFIC CORP.
By:	/s/    CLAY A. HALVORSEN
	Name:  Clay A. Halvorsen
	Its:        Senior Vice President, General
	Counsel and Secretary

2

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release announcing sale of $175,000,000 of 6 7/8% Senior Notes.

3

EX-99.1

EXHIBIT 99.1

NEWS RELEASE STANDARD PACIFIC CORP. 15326 Alton Parkway, Irvine, California 92618-2338 Contact: Andrew H. Parnes, Senior Vice President (949) 789-1616

FOR IMMEDIATE RELEASE ON MONDAY, MAY 12, 2003

STANDARD PACIFIC CORP. ANNOUNCES SALE OF $175,000,000 OF 6 ⁷/8% SENIOR NOTES

IRVINE, CALIFORNIA, May 12, 2003—Stephen J. Scarborough, Chairman of the Board and Chief Executive Officer of Standard Pacific Corp. (NYSE Symbol “SPF”), today announced Standard Pacific’s sale of $175,000,000 principal amount of 6 ⁷/8% Senior Notes due 2011. The Notes are being sold at par to Qualified Institutional Buyers under Rule 144A and have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company expects the sale of the Notes to close on May 19, 2003. The proceeds from the offering will be used to repay indebtedness outstanding under the Company’s revolving credit agreement and for general corporate purposes.

Standard Pacific, one of the nation’s largest homebuilders, has built homes for more than 55,000 families during its 37-year history. For more information about the Company and its new home developments please visit our website at: www.standardpacifichomes.com

This news release does not constitute on offer to sell, or the solicitation of any offer to buy, any securities. This news release contains forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to differ materially from those that may be described or implied. To the extent that such statements relate to the proposed sale of the Notes referred to in this release, there is a risk, among others, that the transaction might not be completed.