SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PULTE WILLIAM J

(Last)

(First)

(Middle)

100 BLOOMFIELD HILLS PKY.

SUITE 300

(Street)

BLOOMFIELD HILLS

48304

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PULTE HOMES INC/MI/ [ PHM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/24/2003		M		5,050	A	$20.735	842,351	D
Common Stock	11/24/2003		M		33,150	A	$20.735	875,501	D
Common Stock	11/24/2003		M		33,150	A	$20.735	908,651	D
Common Stock	11/24/2003		M		33,150	A	$20.735	941,801	D
Common Stock	11/24/2003		S		900	D	$94.2	940,901	D
Common Stock	11/24/2003		S		9,100	D	$94	931,801	D
Common Stock	11/24/2003		S		900	D	$93.83	930,901	D
Common Stock	11/24/2003		S		4,100	D	$93.75	926,801	D
Common Stock	11/24/2003		S		2,500	D	$94.6	924,301	D
Common Stock	11/24/2003		S		2,500	D	$94.5	921,801	D
Common Stock	11/24/2003		S		300	D	$94.79	921,501	D
Common Stock	11/24/2003		S		4,700	D	$94.7	916,801	D
Common Stock	11/24/2003		S		8,000	D	$94.5	908,801	D
Common Stock	11/25/2003		S		1,000	D	$94.38	907,801	D
Common Stock	11/25/2003		S		100	D	$95.44	907,701	D
Common Stock								7,286,186	I	BY Wm. J. Pulte Trust
Common Stock								2,282,400	I	BY Joan B. Pulte Trust
Common Stock								33,499⁽¹⁾	I	BY wife
Units								70,417.865⁽²⁾	I	By 401(k) Plan
Units								3,744.022⁽³⁾	I	401(k) plan owned by wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Empl Stk Option (Right to Buy)	$20.735	11/24/2003		M			5,050	01/23/1996	01/23/2004	Common Stock	5,050	$0	99,450	D
Empl Stk Option (Right to Buy)	$20.735	11/24/2003		M			33,150	01/23/1997	01/23/2004	Common Stock	33,150	$0	66,300	D
Empl Stk Option (Right to Buy)	$20.735	11/24/2003		M			33,150	01/23/1998	01/23/2004	Common Stock	33,150	$0	33,150	D
Empl Stk Option (Right to Buy)	$20.735	11/24/2003		M			33,150	01/23/1999	01/23/2004	Common Stock	33,150	$0	0	D

Explanation of Responses:

1. Beneficial ownership of these shares is disclaimed.

2. Represents units of the Pulte Homes, Inc. Stock Fund (the "Fund") of the Pulte Homes, 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 represent 34,276.919 shares of Pulte Homes, Inc. Common Stock held in the Fund as of 10/31/2003.

3. Beneficial ownership of these shares is disclaimed. Represents units of the Pulte Homes, Inc. Stock Fund (the "Fund") of the Pulte Homes, Inc. 401(k) Plan. The Fund consist of cash and Common Stock in amounts that vary from time to time. The reporting person's units represent 1,822.457 shares of Pulte Homes, Inc. Common Stock held in the Fund as of 10/31/2003.

	William J Pulte	11/26/2003
	** 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 4 (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.
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