Pulte Homes' Chief Financial Officer Exercises Options, Holds Shares

BLOOMFIELD HILLS, Mich., Dec 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Pulte Homes, Inc. (NYSE: PHM) announced today that Roger A. Cregg, Executive Vice President and Chief Financial Officer, executed a cashless stock option exercise transaction with 100,000 Pulte Homes common shares and retained 20,500 shares to increase his holdings in the Company's common shares. Those stock options had a 10-year life and were set to expire within the Company's normal trading "blackout period" in January 2009.

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.

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