News

11.02.09

Pulte Homes' Senior Officer Increases Share Ownership Through Exercise of Expiring Stock Options

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Nov. 13, 2009-- Pulte Homes, Inc. (NYSE: PHM) announced today that Roger A. Cregg , Executive Vice President and Chief Financial Officer, increased his holdings in the Company by 54,000 shares by executing a cashless stock option exercise. Mr. Cregg exercised shares that were set to expire in November 2009, as well as shares that were set to expire during the Company’s normal trading “blackout period” prior to announcing its fourth quarter financial results in February 2010.

Mr. Cregg conducted a “net hold transaction” wherein he exercised 188,000 stock options and then sold 134,000 of those shares to cover option exercise costs.

Today the Company also announced that Steven C. Petruska , Executive Vice President and Chief Operating Officer, exercised and sold 3,000 of his shares that were set to expire in November 2009.

All of the stock option transactions were executed to avoid forfeiture.

About Pulte Homes

Pulte Homes, Inc., based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in 69 markets, 29 states and the District of Columbia. The Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex and Del Webb , as well as its regional brands of DiVosta Homes (Florida) and Fox & Jacobs (Texas). In 2009, Pulte Homes brands received more top rankings than any other homebuilder in the annual J.D. Power and Associates 2009 New-Home Builder Customer Satisfaction Studysm. Pulte Mortgage LLC is a nationwide lender offering Pulte customers a variety of loan products and superior service.

Web sites: www.pulteinc.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.foxandjacobs.com

 

Source: Pulte Homes, Inc.

Pulte Homes, Inc.
Investors: James Zeumer
(248) 433-4502
jim.zeumer@pulte.com

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