SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(a)
(AMENDMENT NO. 1 )(1)
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D.R. Horton, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
23331A 10 9
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(CUSIP Number)
Paul W. Buchschacher, Esq.
D.R. Horton, Inc.
1901 Ascension Blvd., Suite 100
Arlington, TX 76006
(817) 856-8200
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 21, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 11 Pages)
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(1) The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No.Pages 23331A 10 9 13D Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Terrill J. Horton
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 4,106,623
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 4,106,623
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WITH SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,106,623
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald Ray Horton Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 499,995
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 499,995
---------------------------------------------------------
WITH SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,995
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Martha Elizabeth Horton Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 456,002
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 456,002
---------------------------------------------------------
WITH SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
456,002
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald Ryan Horton Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 1,179,795
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,179,795
---------------------------------------------------------
WITH SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,179,795
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
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14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 6 of 11 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Douglas Reagan Horton Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
NUMBER OF 1,179,795
---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
---------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,179,795
---------------------------------------------------------
WITH SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,179,795
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
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14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 7 of 11 Pages
This Amendment No. 1 amends and supplements the Statement on Schedule
13D filed with the Securities and Exchange Commission on October 31, 2001 (the
"Statement"). Capitalized terms used and not defined herein shall have the
meanings assigned to such terms in the Statement.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and restated in its entirety to read as
follows:
On October 22, 2001, the Issuer and Schuler Homes, Inc., a Delaware
corporation ("Schuler Homes"), entered into an Agreement and Plan of Merger,
dated as of October 22, 2001 (the "Merger Agreement"), pursuant to which the
Issuer would acquire Schuler Homes by means of a merger of Schuler Homes with
and into the Issuer (the "Merger"), with the Issuer as the surviving
corporation.
Simultaneously with the execution of the Merger Agreement, the
Reporting Person, solely in his capacity as trustee for the four Trusts, along
with Donald R. Horton, entered into a Voting Agreement, dated as of October 22,
2001 (the "Voting Agreement"), with Schuler Homes, pursuant to which the
Reporting Person, as trustee, and Donald R. Horton each agreed to vote their
respective Shares in favor of the Merger at any meeting of the Issuer's
stockholders held to consider and vote upon the Merger.
On February 21, 2002, the Issuer completed its acquisition of Schuler
Homes. Pursuant to the Voting Agreement, the Reporting Person, as trustee, along
with Donald R. Horton, voted their respective Shares in favor of the Merger
Agreement at the meeting of the Issuer's stockholders held on February 21, 2002.
The Voting Agreement terminated according to its terms simultaneously with the
completion of the acquisition of Schuler Homes.
The Reporting Person has no present plans or proposals which relate to
or would result in (i) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries,
(ii) a sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries, (iii) any change in the board of directors or management of
the Issuer or any of its subsidiaries, (iv) any material change in the present
capitalization or dividend policy of the Issuer, (v) any other material change
in the Issuer's business or corporate structure, (vi) changes in the Issuer's
charter or bylaws or other actions which may impede the acquisition of control
of the Issuer by any person, (vii) causing a class of securities of the Issuer
to be delisted from a national securities exchange or cease to be quoted in an
inter-dealer quotation system of a registered national securities association,
(viii) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(b)(4) of the Securities
Exchange Act of 1934 or (ix) any action similar to any of those described above.
However, the Reporting Person, in his capacity as a member of the Issuer's Board
of Directors, may from time to time be involved in discussions which relate to
the transactions described in this Item 4. He disclaims any duty to disclose
such discussions, plans or proposals of the Issuer or others, except
CUSIP No. 23331A 10 9 13D Page 8 of 11 Pages
as required by applicable laws and regulations; and he retains his right to
modify his plans with respect to the transactions described in this Item 4, to
acquire or dispose of securities of the Issuer and to formulate plans and
proposals which could result in the occurrence of any such events, subject to
applicable laws and regulations.
Item 5. Interest In Securities Of The Issuer.
At February 21, 2002:
(a) - (b)
The Reporting Person
(a) Amount Beneficially Owned: 4,106,623
Percent of Class: 4.2%, based upon 97,266,274 Shares
outstanding on February 21, 2002 (reflects issuance
of 20,082,723 Shares in connection with the
acquisition of Schuler Homes on February 21, 2002).
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
4,106,623
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 4,106,623
(iv) Shared power to dispose or to direct the
disposition of: -0-
The Donald Ray Horton Trust
(a) Amount Beneficially Owned: 499,995
Percent of Class: 0.5%, based upon 97,266,274 Shares
outstanding on February 21, 2002 (reflects issuance
of 20,082,723 Shares in connection with the
acquisition of Schuler Homes on February 21, 2002).
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
499,995
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 499,995
(iv) Shared power to dispose or to direct the
disposition of: -0-
CUSIP No. 23331A 10 9 13D Page 9 of 11 Pages
The Martha Elizabeth Horton Trust
(a) Amount Beneficially Owned: 456,002
Percent of Class: 0.5%, based upon 97,266,274 Shares
outstanding on February 21, 2002 (reflects issuance
of 20,082,723 Shares in connection with the
acquisition of Schuler Homes on February 21, 2002).
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
456,002
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 456,002
(iv) Shared power to dispose or to direct the
disposition of: -0-
The Donald Ryan Horton Trust
(a) Amount Beneficially Owned: 1,179,795
Percent of Class: 1.2%, based upon 97,266,274 Shares
outstanding on February 21, 2002 (reflects issuance
of 20,082,723 Shares in connection with the
acquisition of Schuler Homes on February 21, 2002).
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
1,179,795
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 1,179,795
(iv) Shared power to dispose or to direct the
disposition of: -0-
The Douglas Reagan Horton Trust
(a) Amount Beneficially Owned: 1,179,795
Percent of Class: 1.2%, based upon 97,266,274 Shares
outstanding on February 21, 2002 (reflects issuance
of 20,082,723 Shares in connection with the
acquisition of Schuler Homes on February 21, 2002).
CUSIP No. 23331A 10 9 13D Page 10 of 11 Pages
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,179,795
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the
disposition of: 1,179,795
(iv) Shared power to dispose or to direct the
disposition of: -0-
The Reporting Person and each of the Trusts:
(c) The Reporting Person and the Trusts have not engaged in any
transactions in the Issuer's Shares during the sixty-day
period immediately preceding the date of this Amendment No. 1
to Schedule 13D.
(d) Not Applicable.
(e) On February 21, 2002, as a result of the issuance of
20,082,723 Shares in connection with the acquisition of
Schuler Homes, the Reporting Person and each of the Trusts
ceased to be the beneficial owners of more than five percent
of the outstanding Shares of the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
To Securities of the Issuer.
Item 6 is hereby amended and restated in its entirety to read as
follows:
The Reporting Person has no contract, arrangement, understanding or
relationship (legal or otherwise) with any person with respect to any securities
of the Issuer, finder's fees, joint ventures, loan or option arrangements, puts
or calls, guarantees of profits, division of profits or losses, or the giving or
withholding of proxies.
CUSIP No. 23331A 10 9 13D Page 11 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: February 22, 2002 /s/ Terrill J. Horton
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Signature
Terrill J. Horton
---------------------------------
Name
The Donald Ray Horton Trust
By: /s/ Terrill J. Horton
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Terrill J. Horton, Trustee
The Martha Elizabeth Horton Trust
By: /s/ Terrill J. Horton
--------------------------------
Terrill J. Horton, Trustee
The Donald Ryan Horton Trust
By: /s/ Terrill J. Horton
--------------------------------
Terrill J. Horton, Trustee
The Douglas Reagan Horton Trust
By: /s/ Terrill J. Horton
--------------------------------
Terrill J. Horton, Trustee