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 *
WHEAT BILL W
  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)
EVP and CFO
(Last)
(First)
(Middle)
301 COMMERCE STREET, SUITE 500
3. Date of Earliest Transaction (Month/Day/Year)
02/01/2012
(Street)

FORT WORTH,, TX 76102
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)
Code V Amount (A) or (D) Price
Common Stock 02/01/2012 02/01/2012 M   72,000 A $ 10.95 95,167 D  
Common Stock 02/01/2012 02/01/2012 M   24,000 A $ 9.03 119,167 D  
Common Stock 02/01/2012 02/01/2012 S   93,500 D $ 14.0264 (1) 25,667 (2) D  
Common Stock               116 (2) I Held by IRA of Mr. Wheat's spouse.
Common Stock               332 (2) I Held by Trust of Mr. Wheat's child.

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 10.95 02/01/2012 02/01/2012 M     72,000 07/18/2003(3) 07/18/2012 Common Stock 72,000 $ 0 8,000 D  
Employee Stock Option (right to buy) $ 9.03 02/01/2012 02/01/2012 M     24,000 02/09/2010(4) 02/09/2019 Common Stock 24,000 $ 0 96,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WHEAT BILL W
301 COMMERCE STREET
SUITE 500
FORT WORTH,, TX 76102
      EVP and CFO  

Signatures

 /s/ Bill W. Wheat   02/02/2012
**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) The price reported in Column 4 is a weighted average price. The prices actually received ranged from $14.00 to $14.13. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
(2) Following all transactions listed on this Form 4, Mr. Wheat owns directly 25,667 shares of DHI common stock and indirectly owns 448 shares of DHI common stock.
(3) Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of July 18 and vests as to the remaining 10% 9.75 years after the option grant date of July 18, 2002. July 18, 2003 reflects the one-year anniversary date from the date of the stock option grant.
(4) Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.

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