X0303 4 2011-02-09 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 2011-02-09 4 A 0 18750 0.00 A 1842454 I HELD IN TRUST Balance represents the grant of restricted stock. The restricted stock will fully cliff vest on the third anniversary from the date of grant. In addition to this restricted stock grant, Mr. Hilton also received a grant of 18,750 shares of restricted stock on 2/9/2011 that cliff vest on the third anniversary of the date of grant; however, vesting is also contingent upon the achievement of pre-specified performance targets. Balance includes all non-vested stock grants but does not include 75,000 shares of restricted stock (inclusive of the 18,750 noted in Footnote 2 above, with vesting contingent upon the achievement of pre-specified performance targets). /s/ Steven J. Hilton 2011-02-11