<SEC-DOCUMENT>0001209191-11-060334.txt : 20111208
<SEC-HEADER>0001209191-11-060334.hdr.sgml : 20111208
<ACCEPTANCE-DATETIME>20111208171506
ACCESSION NUMBER:		0001209191-11-060334
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20111206
FILED AS OF DATE:		20111208
DATE AS OF CHANGE:		20111208

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:		111251475

	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>c25744_4x1.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-12-06</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 #2001</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NAPLES</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>48304</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>2011-12-06</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>9200000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2012-01-05</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-01-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9200000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Forward sale contract (obligation to sell)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2011-12-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>1</equitySwapInvolved>
                <footnoteId id="F4"/>
                <footnoteId id="F5"/>
                <footnoteId id="F6"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>9200000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-01-04</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-01-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9200000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9200000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On December 6, 2011, the reporting person terminated a prepaid variable forward sale contract that was entered into on December 22, 2010, with an unaffiliated third party buyer, for a negotiated settlement price of $59,156,000 payable by the reporting person. The funds for such termination were obtained, in part, by the reporting person entering into a new prepaid variable forward sale contract (see Footnotes 4, 5 and 6 below). The contract obligated the reporting person to deliver to the buyer up to 9,200,000 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) on the third day following the maturity date of the contract (January 5, 2012). (continued in Footnote 2).</footnote>
        <footnote id="F2">In exchange for assuming this obligation, the reporting person received a cash payment of $55,265,158. The reporting person pledged 9,200,000 shares of PHM common stock (the &quot;Pledged Shares&quot;) to secure his obligations under the contract, and retained voting and certain dividend rights in the Pledged Shares during the term of the pledge.  The contract provided that the number of shares of PHM common stock to be delivered to the buyer on the maturity date would be determined as follows: (a) if the average of the closing prices of PHM common stock on each of the twenty (20) NYSE trading days ending on and including January 5, 2012 (the &quot;Settlement Price&quot;) would be less than or equal to $7.5847 (the &quot;Floor Price&quot;), the reporting person would deliver to the buyer all of the Pledged Shares; (continued in Footnote 3)</footnote>
        <footnote id="F3">(b) if the Settlement Price would be between the Floor Price and $37.9235 (the &quot;Cap Price&quot;), the reporting person would deliver to the buyer a number of shares of PHM common stock equal to 9,200,000 shares multiplied by a fraction, the numerator of which would be the Floor Price and the denominator of which would be the Settlement Price; and (c) if the Settlement Price would be greater than the Cap Price, the reporting person would deliver to the buyer the number of shares of PHM common stock equal to 9,200,000 shares multiplied by a fraction, the numerator of which would be the Floor Price plus the excess of the Settlement Price over the Cap Price, and the denominator of which would be the Settlement Price.</footnote>
        <footnote id="F4">In a separate transaction on December 6, 2011, solely for the purpose of replacing the contract described in Footnotes 1, 2 and 3 above, the reporting person entered into another prepaid variable forward sale contract with a different and unrelated third party buyer. This new contract obligates the reporting person to deliver to the buyer up to 1,840,000 shares of PHM 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) on each of January 4, 7, 8, 9 and 10, 2013 (each, a &quot;Maturity Date&quot;). In exchange for assuming this obligation, the reporting person will receive a cash payment of $49,117,226.80. The reporting person pledged 9,200,000 shares of PHM common stock (the &quot;New Pledged Shares&quot;) to secure his obligations under the contract, and retained voting and certain dividend rights in the New Pledged Shares during the term of the pledge.  (continued in Footnote 5)</footnote>
        <footnote id="F5">The contract provides 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;New Settlement Price&quot;) is less than or equal to $6.43 (the &quot;Floor Level&quot;), the reporting person will deliver to the buyer 1,840,000 shares of PHM common stock; (b) if the New Settlement Price is between the Floor Level and $9.645 (the &quot;Cap Level&quot;), the reporting person will deliver to the buyer a number of shares of PHM common stock equal to 1,840,000 multiplied by a fraction, the numerator of which is the Floor Level and the denominator of which is the New Settlement Price; and (continued in Footnote 6)</footnote>
        <footnote id="F6">(c) if the New Settlement Price is greater than the Cap Level, the reporting person will deliver to the buyer the number of shares of PHM common stock equal to 1,840,000 shares multiplied by a fraction, the numerator of which is the Floor Level plus the excess of the New Settlement Price over the Cap Level, and the denominator of which is the New Settlement Price.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jeffrey K. Eckles, attorney-in-fact for Mr. Pulte</signatureName>
        <signatureDate>2011-12-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>c25744_24.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<html>
<head><title>Power of Attorney</title></head>
<body><DIV
style="width: 7.5in; font-family: 'Times New Roman',Times,serif; margin-left: 0.25in">

<P style="font-size: 10pt" align="center"><B>POWER OF ATTORNEY</B>

<P style="font-size: 10pt" align="left">The undersigned hereby appoints Jeffrey
K. Eckles as his true and lawful attorney-in-fact to:

<P style="font-size: 10pt" align="left">1.&nbsp;Execute for and on behalf of
the undersigned in the undersigned&#8217;s capacity as a beneficial owner of
PulteGroup, Inc. (the &#8220;Company&#8221;) securities, all reports on
Form&nbsp;4 and Form&nbsp;5 (including any amendments thereto) required to be
filed in accordance with Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder;

<P style="font-size: 10pt" align="left">2.&nbsp;Do and perform any and all acts
for and on behalf of the undersigned which may be necessary or desirable to
complete and execute any such Form&nbsp;4 or 5 report and timely file such form
with the United States Securities and Exchange Commission and any stock
exchange or similar authority; and

<P style="font-size: 10pt" align="left">3.&nbsp;Take any other action of any
type whatsoever in connection with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest of, or legally
required by, the undersigned, it being understood that the documents executed
by such attorney-in-fact on behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms and conditions as
such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.

<P style="font-size: 10pt" align="left">The undersigned hereby grants to such
attorney-in-fact full power and authority to do and perform any and every act
and thing whatsoever requisite, necessary or proper to be done in the exercise
of any of the rights and powers herein granted, as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and confirming that such attorney-in-fact shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers herein
granted.

<P style="font-size: 10pt" align="left">This Power of Attorney shall remain in
full force and effect until the earlier of (i)&nbsp;December&nbsp;31, 2013,
(ii)&nbsp;the undersigned is no longer required to file reports on Form&nbsp;4
and Form&nbsp;5 with respect to the undersigned&#8217;s holdings of and
transactions in securities issued by the Company or (iii)&nbsp;until revoked by
the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

<P style="font-size: 10pt" align="left">IN WITNESS WHEREOF, the undersigned has
caused this Power of Attorney to be executed as of this 5<SUP
style="font-size: 85%; vertical-align: text-top">th</SUP> day of December, 2011.

<P style="margin-left: 70%; font-size: 10pt" align="left"><U>/s/ William J.
Pulte&nbsp;</U>

<P>
<TABLE style="font-size: 10pt" border="0" cellspacing="0" cellpadding="0"
width="100%">

 <TR
style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt"
valign="top">
  <TD width="70%" nowrap align="left">&nbsp;</TD>
  <TD>William J. Pulte</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">&nbsp;
</DIV>

</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
