SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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. 2)(1)
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 10 Pages)
--------------------------
(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. 23331A 10 9 13D Page 2 of 10 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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
4,056,623
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY -------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
4,056,623
REPORTING
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,056,623
--------------------------------------------------------------------------------
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)
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 10 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
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
499,995
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY -------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
499,995
REPORTING
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,995
--------------------------------------------------------------------------------
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)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 4 of 10 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]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
456,002
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY -------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
456,002
REPORTING
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
456,002
--------------------------------------------------------------------------------
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)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 5 of 10 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
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
1,179,795
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY -------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
1,179,795
REPORTING
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,179,795
--------------------------------------------------------------------------------
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%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 6 of 10 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]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
1,179,795
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY -------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
1,179,795
REPORTING
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,179,795
--------------------------------------------------------------------------------
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%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 23331A 10 9 13D Page 7 of 10 Pages
This Amendment No. 2 amends and supplements the Statement on Schedule
13D filed with the Securities and Exchange Commission on October 31, 2001, as
amended by Amendment No. 1 filed on February 22, 2002 (the "Statement").
Capitalized terms used and not defined herein shall have the meanings assigned
to such terms in the Statement.
Item 5. Interest In Securities Of The Issuer.
At February 21, 2002:
(a) - (b)
The Reporting Person
(a) Amount Beneficially Owned: 4,056,623
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:
4,056,623
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 4,056,623
(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
CUSIP No. 23331A 10 9 13D Page 8 of 10 Pages
(iv) Shared power to dispose or to direct the
disposition of: -0-
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 9 of 10 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) On January 28, 2002, the Reporting Person sold 2,500 Shares in
settlement of an in-the-money derivative security at the sale
price of $30 per Share. On February 15, 2002, the Reporting
Person sold 47,500 Shares in settlement of an in-the-money
derivative security at the sale price of $30 per Share. 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. 2 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.
CUSIP No. 23331A 10 9 13D Page 10 of 10 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: March 11, 2002 /s/ Terrill J. Horton
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Signature
Terrill J. Horton
----------------------------
Name
The Donald Ray Horton Trust
By: /s/ Terrill J. Horton
-------------------------------
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