X0202 4 2007-08-16 0 0000833079 Meritage Homes CORP MTH 0001187511 SARVER ROBERT GARY 1 0 0 0 Common Stock 470000 I Robert Sarver, Trustee of The Robert Sarver Trust Common Stock 6000 I Penny Sarver (wife) Common Stock 2000 I Penny Sarver, Custodian FBO Max Sarver (minor son) Common Stock 4400 I Robert Sarver, Trustee of The Eva Lauren Hilton Trust Common Stock 4400 I Robert Sarver, Trustee of The Shari Rachel Hilton Trust Common Stock 12000 D Common Stock 650000 I See note Common Stock 2007-08-16 4 P 0 2500 15.8 A 652500 I See note Common Stock 2007-08-16 4 P 0 2500 15.9 A 655000 I See note Common Stock 2007-08-16 4 P 0 34 16.04 A 655034 I See note Common Stock 2007-08-16 4 P 0 10000 16.05 A 655034 I See note Common Stock 2007-08-16 4 P 0 1380 16.07 A 666414 I See note Common Stock 2007-08-16 4 P 0 1686 16.08 A 668100 I See note Common Stock 2007-08-16 4 P 0 6900 16.09 A 675000 I See note Common Stock 2007-08-16 4 P 0 6100 16.2 A 681100 I See note Common Stock 2007-08-16 4 P 0 700 16.21 A 681800 I See note Common Stock 2007-08-16 4 P 0 500 16.22 A 682300 I See note Common Stock 2007-08-16 4 P 0 196 16.24 A 682496 I See note Common Stock 2007-08-16 4 P 0 100 16.25 A 682596 I See note Common Stock 2007-08-16 4 P 0 1700 16.26 A 684296 I See note Common Stock 2007-08-16 4 P 0 3104 16.27 A 687400 I See note Common Stock 2007-08-16 4 P 0 900 16.31 A 688300 I See note Common Stock 2007-08-16 4 P 0 1600 16.35 A 689900 I See note Common Stock 2007-08-16 4 P 0 900 16.36 A 690800 I See note Common Stock 2007-08-16 4 P 0 393 16.38 A 691193 I See note Common Stock 2007-08-16 4 P 0 4107 16.39 A 695300 I See note Common Stock 2007-08-16 4 P 0 6600 16.4 A 701900 I See note Common Stock 2007-08-16 4 P 0 1400 16.41 A 703300 I See note Common Stock 2007-08-16 4 P 0 700 16.42 A 704000 I See note Common Stock 2007-08-16 4 P 0 1900 16.46 A 705900 I See note Stock Option (right to buy) 31.31 2011-05-12 Common Stock 10000 10000 D Stock Option (right to buy) 58.62 2012-03-22 Common Stock 5000 5000 D Stock Option (right to buy) 54.01 2013-06-01 Common Stock 5000 5000 D Stock Option (right to buy) 42.82 2014-01-28 Common Stock 4000 4000 D Mr. Sarver disclaims any beneficial or pecuniary ownership of these shares. Restricted stock granted 1/29/2007, vesting in three equal annual installments on 1/29/2008. 1/29/2009, and 1/29/2010. These represent shares purchased by Southwest Value Partners Fund XIV, LP. Mr. Sarver indirectly shares control over the voting, purchase and disposition of these shares. He disclaims any direct pecuniary interest in such shares, and has only an indirect beneficial or pecuniary interest in them. Adjusted for 2:1 stock split in 2005. Stock option granted 5/13/2004, vesting in two equal, annual installments on 5/13/2005 and 5/13/2006. Stock option granted 3/23/2005, vesting in two equal, annual installments on 3/23/2006 and 3/23/2007. Stock Option granted 6/2/2006, vesting in two equal annual installments on 6/2/2007 and 6/2/2008. Stock option granted 1/29/2007, vesting in two equal, annual installments on 1/29/2008 and 1/29/2009. This is the first of two Form 4s filed to report purchases made on 8/16/2007. This Form 4 does not aggregate purchases by Southwest Value Partners Fund XIV, LP with other holdings reported on this Form 4. Robert G. Sarver 2007-08-17