1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option (Right to Buy)
|
Â
(2)
|
04/01/2007 |
Common Stock
|
444
|
$
7.904
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(3)
|
04/01/2008 |
Common Stock
|
19,998
|
$
17.3268
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(4)
|
04/01/2009 |
Common Stock
|
26,664
|
$
16.2287
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(5)
|
04/01/2010 |
Common Stock
|
33,330
|
$
10.7156
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(6)
|
04/02/2008 |
Common Stock
|
39,552
|
$
17.7139
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(7)
|
04/01/2009 |
Common Stock
|
39,330
|
$
22.6824
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(8)
|
05/14/2010 |
Common Stock
|
41,996
|
$
31.8364
|
D
|
Â
|
Non-Qualified Stock Option (Right to Buy)
|
Â
(9)
|
05/14/2011 |
Common Stock
|
15,964
|
$
45.24
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
This amount represents an award of units under the Long Term Incentive Plan. Each LTIP unit represents the right to receive one share of Centex common stock at the time the award is paid. The 4/1/02 award vests 25% each year. The 5/14/03 award vests at the rate of 8.25% per quarter in fiscal 2004, 8.25% per quarter in 2005 and 8.50% per quarter in 2006. The 5/14/04 award vests at the rate of 8.25% per quarter in fiscal 2005, 8.25% in fiscal 2006 and 8.50% in fiscal 2007. (Centex's fiscal year begins on April 1 and ends on March 31.) |
(2) |
This award will vest as follows: 20% on 4/1/98, 20% on 4/1/99, 20% of 4/1/00, 20% on 4/1/01 and 20% on 3/31/02. |
(3) |
This award will vest as follows: 20% on 4/1/98, 20% on 4/1/99, 20% of 4/1/00, 20% on 4/1/01 and 20% on 4/1/02. |
(4) |
This award will vest as follows: 20% on 4/1/99, 20% on 4/1/00, 20% of 4/1/01, 20% on 4/1/02 and 20% on 4/1/03. |
(5) |
This award will vest as follows: 20% on 4/1/00, 20% on 4/1/01, 20% of 4/1/02, 20% on 4/1/03 and 20% on 4/1/04. |
(6) |
This award will vest as follows: 25% on 4/3/01, 25% on 3/31/02, 25% on 3/31/03 and 25% on 3/31/04. |
(7) |
This award will vest as follows: 25% on 4/1/02, 25% on 4/1/03, 25% on 4/1/04 and 25% on 4/1/05. |
(8) |
This award will vest at the rate of 8.25% per quarter in fiscal 2004, 8.25% per quarter in fiscal 2005 and 8.50% per quarter in fiscal 2006. (Centex's fiscal year begins on April 1 and ends on March 31.) |
(9) |
This award will vest at the rate of 8.25% per quarter in fiscal year 2005, 8.25% per quarter in fiscal year 2006 and 8.50% per quarter in fiscal year 2007 (Centex's fiscal year begins on April 1 and ends on March 31). |