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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HORTON D R INC /DE/ [ DHI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/19/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 08/19/2003 | 08/19/2003 | S | 23,100 | D | $29.75 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 100 | D | $29.76 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 1,200 | D | $29.8 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 600 | D | $29.81 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 3,100 | D | $29.82 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 24,000 | D | $29.83 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 39,700 | D | $29.84 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 69,300 | D | $29.85 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 1,000 | D | $29.86 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 1,800 | D | $29.87 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 100 | D | $29.88 | 1(1) | I | By JKS Partners, L.P. | |
Common Stock | 08/19/2003 | 08/19/2003 | S | 36,000 | D | $29.9 | 1(1) | I | By JKS Partners, L.P. |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Table I: Following all the transactions listed on this Form 4, Mr. Schuler indirectly held additional shares of common stock of DHI as follows: (i) 4,591,974 shares held by JKS Partners, L.P., (ii) 286,950 shares held by The Schuler Family Foundation, formerly known as the James & Patricia Schuler Foundation, and (iii) 62,156 shares held by the James K. Schuler Revocable Living Trust. At this date, Mr. Schuler also directly held 6,700 shares of common stock of DHI. Mr. Schuler's ownership of derivative securities of DHI is set forth in under "Remark 1" below. |
Remarks: |
Remark 1: Derivative Securities: As of this date, Mr. Schuler has the following direct ownership of derivative securities of DHI (i) Employee Stock Option (right to buy), 22,425 stock options with 22,425 shares of common stock underlying these options, at an exercise price of $9.4093, with a February 21, 2002 grant date and a November 21, 2010 expiration date (on February 21, 2002, 7,000 options were vested and 468 options will vest on the 21st day of each month thereafter, with 15,420 options having vested as of August 21, 2003), and (ii) Call Option (obligation to sell), 270,000 shares of common stock underlying this Call Option, exercisable by the optionee on January 1, 2003 and expiring on October 1, 2003, and having an excercise price of $5.00 per share. |
James K. Schuler | 08/20/2003 | |
** 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. | ||
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. |