UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | February 2, 2005 |
Pulte Homes, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Michigan | 001-09804 | 38-2766606 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 100 Bloomfield Hills Parkway, Suite 300, Bloomfield Hills, Michigan | 48304 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 248-647-2750 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
Restricted Stock and Stock Option Grant. On February 2, 2005, the Compensation Committee of the Board of Directors of Pulte Homes, Inc. approved the grant of shares of restricted stock pursuant to the 2004 Stock Incentive Plan and the Senior Management Annual Incentive Plan to the executive officers. Stock Option Grants were approved by the Compensation Committee at a previous meeting.
| Shares of | Stock Option | |||||||
| Name | Restricted Stock | Grant | ||||||
William J. Pulte |
-0- | -0- | ||||||
Richard J. Dugas, Jr. |
60,000 | 200,000 | ||||||
Steven C. Petruska |
40,000 | 100,000 | ||||||
Roger A. Cregg |
35,000 | 90,000 | ||||||
John R. Stoller |
5,000 | 15,000 | ||||||
The restricted stock awards vest three years from the grant date. The date of such restricted stock grant to Mr. Stoller was December 9, 2004. A form of the restricted stock agreement is attached as an Exhibit to this Current Report on Form 8-K and is incorporated by reference herein.
The Stock Option Grants are ten year non-qualified stock options, which vest over a four year period; 50% after two years, 75% after three years, and 100% after four years. A form of the stock option grant agreement is attached as an Exhibit to this Current Report on Form 8-K and is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Pulte Homes, Inc. | ||||
| February 7, 2005 | By: |
David M. Sherbin
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| Name: David M. Sherbin | ||||
| Title: Vice President, General Counsel and Secretary | ||||
Exhibit Index
| Exhibit No. | Description | |
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10.1
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Form of Restricted Stock Agreement | |
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10.2
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Form of Term Sheet and Stock Option Agreement |