X0304 4 2012-02-15 0 0000833079 Meritage Homes CORP MTH 0001030513 HILTON STEVEN J 17851 N. 85TH STREET SUITE 300 SCOTTSDALE AZ 85255 0 1 0 0 Chief Executive Officer MTH COMMON STOCK 2012-02-15 4 S 0 9351 27.93 D 1811361 I HELD IN TRUST MTH COMMON STOCK 52500 D Represents sale of shares to cover required tax withholdings under 10b5-1 plan. Balance reflects all other holdings, including restricted shares that have previously vested. Balance represents restricted shares not vested but does not include 60,000 shares of restricted stock with vesting contingent upon the achievement of pre-specified performance targets. /s/ Hilla Sferruzza, attorney-in-fact for Steven J. Hilton 2012-02-16