Sec Form 4 Filing - FULLER SAMUEL R @ HORTON D R INC /DE/ - 2007-05-08

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FULLER SAMUEL R
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)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior EVP
(Last) (First) (Middle)
301 COMMERCE ST., SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
05/08/2007
(Street)
FORT WORTH, TX76102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/08/2007 05/08/2007 M 5,446 A $ 2.9445 36,213 D
Common Stock 05/08/2007 05/08/2007 S 2,564 D $ 22.13 33,649 ( 1 ) D
Common Stock 4,000 ( 1 ) I Held by an IRA for the benefit of Mr. Fuller's wife.
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (right to buy) $ 2.9445 05/08/2007 05/08/2007 M 5,446 07/28/1998( 2 ) 07/28/2007 Common Stock 5,446 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FULLER SAMUEL R
301 COMMERCE ST.
SUITE 500
FORT WORTH, TX76102
Senior EVP
Signatures
/s/ Samuel R. Fuller 05/10/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Following all transactions listed on this Form 4, Mr. Fuller owns (i) directly 33,649 shares and (ii) indirectly 4,000 shares of DHI common stock.
( 2 )Stock option had a 10-year term, vested as to 10% of the option grant on each of the first nine anniversary dates of July 28 and vested as to the remaining 10% 9.75 years after the option grant date of July 28, 1997. July 28, 1998 reflects the one-year anniversary date from the date of the stock option grant. The stock option has been fully exercised.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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