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 *
DWYER STACEY
   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 & Treasurer
(Last)
(First)
(Middle)
301 COMMERCE STREET, SUITE 500		 3. Date of Earliest Transaction (Month/Day/Year)
02/20/2007
(Street)

FORTH 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 02/20/2007 02/20/2007 M   15,735 A $ 2.944 58,948 (1) D  
Common Stock 02/20/2007 02/20/2007 M   9,000 A $ 4.684 67,948 (2) D  
Common Stock 02/20/2007 02/20/2007 S   11,123 D $ 28.58 56,825 (3) D  

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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) $ 2.944 02/20/2007 02/20/2007 M     15,735 07/28/1998(4) 07/28/2007 Common Stock 15,735 $ 0 1,816 D  
Employee Stock Option (right to buy) $ 4.684 02/20/2007 02/20/2007 M     9,000 11/18/1998(5) 11/18/2007 Common Stock 9,000 $ 0 9,151 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DWYER STACEY
301 COMMERCE STREET
SUITE 500
FORTH WORTH,, TX 76102		       EVP & Treasurer  

Signatures

 /s/ Stacey H. Dwyer   02/22/2007
**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) Immediately following the exercise of 15,735 options, Ms. Dwyer directly owned 58,948 shares of the issuer's common stock, including 10 shares inadvertently omitted due to a typograhpical error from the reporting of Ms. Dwyer's purchase of shares on August 11, 2006, reflected on the Form 4 filed on August 15, 2006 (Ms. Dwyer actually purchased 110 shares).
(2) Immediately following the exercise of 9,000 options, Ms. Dwyer directly owned 67,948 shares of the issuer's common stock.
(3) Immediately following the sale of 11,123 shares, Ms. Dwyer directly owned 56,825 shares of the issuer's common stock.
(4) Stock option has a 10-year term, vests as to 10% of the grant amount on the first nine anniversary dates of July 28 and vests 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.
(5) Stock option has a 10-year term, vests as to 10% of the grant amount on the first nine anniversary dates of November 18 and vests as to the remaining 10% 9.75 years after the option grant date of November 18, 1997. November 18, 1998 reflects the one-year anniversary date from the date of the stock option grant.

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