On Friday, Dec. 5, 2008, Mr. Cregg conducted a "net hold transaction" where he exercised his 100,000 stock options, and then sold 79,500 of those shares at an average price of $11.04 per share to cover his option exercise costs. Mr. Cregg retained ownership of the remaining 20,500 Pulte common shares.
All of the stock option transactions were executed by Mr. Cregg to avoid forfeiture.
About Pulte Homes
Pulte Homes, Inc., (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America's largest home building companies with operations in 50 markets and 27 states. During its 58-year history, the company has delivered more than 500,000 new homes. In 2008, Pulte Homes operations ranked highest in customer satisfaction in 11 U.S. markets, the most of any homebuilder, in the annual J.D. Power and Associates(R) New Home-Builder Customer Satisfaction Study(sm). Under its Del Webb brand, Pulte is the nation's largest builder of active adult communities for people age 55 and older. Its DiVosta Homes brand is renowned in Florida for its distinctive master-planned communities. Pulte Mortgage LLC is a nationwide lender offering Pulte customers a wide variety of loan products and superior service.
SOURCE Pulte Homes, Inc.