Edgar Filing: HORTON D R INC /DE/

Ownership Submission

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 OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ANDERSON BRADLEY S

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)

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

(Last)

(First)

(Middle)

2415 EAST CAMELBACK ROAD, GROUND FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2006

(Street)

PHOENIX, AZ 85016

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	12/23/2005	12/23/2005	G	V	425	D	$ 36.21	10,948	D
Common Stock	02/22/2006	02/22/2006	M		9,403	A	$ 1.9439	20,351	D
Common Stock	02/22/2006	02/22/2006	M		100	A	$ 1.9439	20,451	D
Common Stock	02/22/2006	02/22/2006	M		6,000	A	$ 9.495	26,451	D
Common Stock	02/22/2006	02/22/2006	S		9,403	D	$ 36.69	17,048	D
Common Stock	02/22/2006	02/22/2006	S		100	D	$ 36.74	16,948	D
Common Stock	02/22/2006	02/22/2006	S		6,000	D	$ 36.67	10,948 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 1.9439

02/22/2006

9,403

04/04/1998⁽²⁾

04/04/2007

Common Stock

9,403 ⁽⁴⁾

$ 0

100

Employee Stock Option (right to buy)

$ 1.9439

02/22/2006

100

04/04/1998⁽²⁾

04/04/2007

Common Stock

100 ⁽⁴⁾

$ 0

Employee Stock Option (right to buy)

$ 9.495

02/22/2006

6,000

11/21/2003⁽³⁾

11/21/2012

Common Stock

6,000 ⁽⁴⁾

$ 0

14,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ANDERSON BRADLEY S 2415 EAST CAMELBACK ROAD, GROUND FLOOR PHOENIX, AZ 85016	X

Signatures

/s/Bradley S. Anderson		02/24/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Following all transactions listed on the Form 4, Mr. Anderson owns directly 10,948 shares of DHI Common Stock. In the aggregate, the transactions on this Form 4 reflect Mr. Anderson's gifting of 425 shares, the exercise of 15,503 options and the sale of the 15,503 underlying shares at the various exercise prices and sale prices as set forth on this Form 4. Shares were adjusted to reflect the effect of the 3-for-2 common stock split paid on January 12, 2004 and the 4-for-3 common stock split paid on March 16, 2005.
(2)	Stock Option has a 10-year term and expires April 4, 2007. Stock Option vested as to 20% per year beginning from April 4, 1998 through April 4, 2002.
(3)	Stock Option has a 10-year term and expires November 21, 2012. Stock Option vests as to 20% per year beginning from November 21, 2003 through November 21, 2007.
(4)	Shares were adjusted to reflect the effect of the 3-for-2 common stock split paid on January 12, 2004 and the 4-for-3 common stock split paid on March 16, 2005.

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