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^*

SARVER ROBERT GARY

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Meritage Homes CORP [ mth ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2008

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								470,000	I	Robert Sarver, trustee of the Robert Sarver Trust⁽¹⁾
Common Stock								6,000	I	Penny Sarver (wife)⁽¹⁾
Common Stock								2,000	I	Penny Sarver, custodian FBO Max Sarver (minor son)⁽¹⁾
Common Stock								4,400	I	Robert Sarver, trustee of the Eva Lauren Hilton Trust⁽¹⁾
Common Stock								4,400	I	Robert Sarver, trustee of the Shari Rachel Hilton Trust⁽¹⁾
Common Stock								12,000⁽²⁾	D
Common Stock								800,000	I	See note⁽³⁾
Common Stock	03/14/2008		P		25	A	$14.3	800,025	I	See note⁽³⁾
Common Stock	03/14/2008		P		1,500	A	$14.35	801,525	I	See note⁽³⁾
Common Stock	03/14/2008		P		5,000	A	$14.39	806,525	I	See note⁽³⁾
Common Stock	03/14/2008		P		5,000	A	$14.4	811,525	I	See note⁽³⁾
Common Stock	03/14/2008		P		200	A	$14.44	811,725	I	See note⁽³⁾
Common Stock	03/14/2008		P		5,375	A	$14.45	817,100	I	See note⁽³⁾
Common Stock	03/14/2008		P		632	A	$14.46	817,732	I	See note⁽³⁾
Common Stock	03/14/2008		P		3,089	A	$14.47	820,821	I	See note⁽³⁾
Common Stock	03/14/2008		P		4,179	A	$14.48	825,000	I	See note⁽³⁾
Common Stock	03/14/2008		P		5,100	A	$14.49	830,100	I	See note⁽³⁾
Common Stock	03/14/2008		P		800	A	$14.63	830,900	I	See note⁽³⁾
Common Stock	03/14/2008		P		4,900	A	$14.65	835,800	I	See note⁽³⁾
Common Stock	03/14/2008		P		4,200	A	$14.66	840,000	I	See note⁽³⁾
Common Stock	03/14/2008		P		1,000	A	$14.7	841,000	I	See note⁽³⁾
Common Stock	03/14/2008		P		4,300	A	$14.71	845,300	I	See note⁽³⁾
Common Stock	03/14/2008		P		4,700	A	$14.72	850,000	I	See note⁽³⁾
Common Stock	03/14/2008		P		400	A	$14.77	850,400	I	See note⁽³⁾
Common Stock	03/14/2008		P		1,254	A	$14.78	851,564	I	See note⁽³⁾
Common Stock	03/14/2008		P		200	A	$14.79	851,854	I	See note⁽³⁾
Common Stock	03/14/2008		P		200	A	$14.8	852,054	I	See note⁽³⁾
Common Stock	03/14/2008		P		100	A	$14.85	852,154	I	See note⁽³⁾
Common Stock	03/14/2008		P		100	A	$14.855	852,254	I	See note⁽³⁾
Common Stock	03/14/2008		P		500	A	$14.86	852,754	I	See note⁽³⁾

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)
Stock Option (right to buy)	$31.31⁽⁴⁾							⁽⁵⁾	05/12/2011	Common Stock	10,000⁽⁴⁾		10,000⁽⁴⁾	D
Stock Option (right to buy)	$42.82							⁽⁶⁾	01/28/2014	Common Stock	4,000		4,000	D
Stock Option (right to buy)	$15.98							⁽⁷⁾	12/10/2014	Common Stock	7,500		7,500	D

Explanation of Responses:

1. Mr. Sarver disclaims any beneficial or pecuniary ownership of these shares.

2. Restricted Stock granted 1/29/2007, vesting in 3 equal installments on 1/29/2008, 1/29/2009 and 1/29/2010.

3. 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.

4. Adjusted for 2:1 stock split in 2005.

5. Stock option granted 5/13/2004, vesting in 2 equal annual installments on 5/13/2005 and 5/13/2006.

6. Stock option granted 1/29/2007, vesting in 2 equal annual installments on 1/29/2008 and 1/29/2009.

7. Stock option granted 12/11/2007, vesting in 2 equal annual installments on 12/11/2008 and 12/11/2009.

Remarks:

This is the first of two Form 4s filed to report purchases on 3/14/2008 by Southwest Value Partners Fund XIV, LP.

	Robert Sarver	03/17/2008
	** 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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