<SEC-DOCUMENT>0001209191-11-045328.txt : 20110825
<SEC-HEADER>0001209191-11-045328.hdr.sgml : 20110825
<ACCEPTANCE-DATETIME>20110824060955
ACCESSION NUMBER:		0001209191-11-045328
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110819
FILED AS OF DATE:		20110823
DATE AS OF CHANGE:		20110825

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PULTE WILLIAM J
		CENTRAL INDEX KEY:			0001231248

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09804
		FILM NUMBER:		111051979

	MAIL ADDRESS:	
		STREET 1:		100 BLOOMFIELD HILL PARKWAY
		STREET 2:		STE 300
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PULTEGROUP INC/MI/
		CENTRAL INDEX KEY:			0000822416
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				382766606
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		100 BLOOMFIELD HILLS PKWY STE 300
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304
		BUSINESS PHONE:		2486472750

	MAIL ADDRESS:	
		STREET 1:		100 BLOOMFIELD HILLS PKWY STE 300
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PULTE HOMES INC/MI/
		DATE OF NAME CHANGE:	20011023

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PULTE CORP
		DATE OF NAME CHANGE:	19931118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHM CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c21841_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-08-19</periodOfReport>

    <issuer>
        <issuerCik>0000822416</issuerCik>
        <issuerName>PULTEGROUP INC/MI/</issuerName>
        <issuerTradingSymbol>PHM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001231248</rptOwnerCik>
            <rptOwnerName>PULTE WILLIAM J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8111 BAY COLONY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>#2001</rptOwnerStreet2>
            <rptOwnerCity>NAPLES</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>34108</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Forward sale contract (obligation to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2011-08-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>1</equitySwapInvolved>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5999990</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-01-11</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-01-11</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5999990</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5999990</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On August 19, 2011, the reporting person entered into a prepaid variable forward sale contract with an unaffiliated third party buyer.  This contract obligates the reporting person to deliver to the buyer up to 5,999,990 shares of PulteGroup, Inc. (&quot;PHM&quot;) common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of PHM common stock at that time) ratably over a six-day period consisting of January 11, 14, 15, 16, 17 and 18, 2013 (each, a &quot;Maturity Date&quot;).  In exchange for assuming this obligation, the reporting person received a cash payment of $19,751,106.08.  The reporting person pledged 5,999,990 shares of PHM common stock (the &quot;Pledged Shares&quot;) to secure his obligations under the contract, and retained voting rights in the Pledged Shares during the term of the pledge.</footnote>
        <footnote id="F2">The contract provided that the number of shares of PHM common stock to be delivered to the buyer with respect to each Maturity Date is to be determined as follows: (a) if the closing price of PHM common stock on such Maturity Date (the &quot;Settlement Price&quot;) is less than or equal to $4.1407 (the &quot;Floor Price&quot;), the reporting person will deliver to the buyer the ratable portion of the Pledged Shares to be delivered with respect to each Maturity Date  (each ratable portion, the &quot;Number of Shares&quot;). The Number of Shares shall be (i) 999,998 shares on each of January 11, 14, 15 and 16, 2013 and (ii) 999,999 on each of  January 17 and 18, 2013; (b) if the Settlement Price is greater than the Floor Price and less than or equal to $6.2111 (the &quot;Cap Price&quot;), the reporting person will deliver to the buyer a number of shares</footnote>
        <footnote id="F3">of PHM common stock equal to the applicable Number of Shares multiplied by a fraction, the numerator of which is the Floor Price and the denominator of which is the Settlement Price; and (c) if the Settlement Price is greater than the Cap Price, the reporting person will deliver to the buyer the number of shares of PHM common stock equal to the applicable Number of Shares multiplied by a fraction, the numerator of which is the Floor Price plus the excess of the Settlement Price over the Cap Price, and the denominator of which is the Settlement Price.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ WILLIAM J. PULTE</signatureName>
        <signatureDate>2011-08-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
