FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Woram Brian J   2. Issuer Name and Ticker or Trading Symbol CENTEX CORP [CTX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP & Chief Legal Officer (Last) (First) (Middle) C/O CENTEX CORPORATION, 2728 N. HARWOOD 3. Date of Earliest Transaction (Month/Day/Year) 12/10/2007 (Street) DALLAS, TX 75201 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/10/2007   M   3,000 A $ 17.3268 35,499 D   Common Stock 12/10/2007   M(1)   16,998 A $ 17.3268 52,497 D   Common Stock 12/10/2007   F(1)   13,291 D $ 26.38 39,206 D   Common Stock 12/10/2007   M(2)   39,552 A $ 17.7139 78,758 D   Common Stock 12/10/2007   F(2)   31,295 D $ 26.38 47,463 D   Common Stock Units               7,870 D   Common Stock               85 I By 401k Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Option (Right to Buy)

$ 17.3268

12/10/2007

M

19,998

(3)

04/01/2008

Common Stock

19,998

$ 0

0

D

Non-Qualified Option (Right to Buy)

$ 17.7139

12/10/2007

M

39,552

(4)

04/02/2008

Common Stock

39,552

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Woram Brian J C/O CENTEX CORPORATION 2728 N. HARWOOD DALLAS, TX 75201			SVP & Chief Legal Officer

Signatures

/s/ James R. Peacock III as attorney in fact for Brian J. Woram		12/11/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Represents a "net exercise" of an aggregate of 16,998 stock options where 13,291 shares were used to pay the exercise price and taxes, and a net of 3,707 shares were acquired.
(2)	Represents a "net exercise" of an aggregate of 39,552 stock options where 31,295 shares were used to pay the exercise price and taxes, and a net of 8,257 shares were acquired.
(3)	This award vested as follows: 20% on 3/31/1999, 20% on 3/31/2000, 20% on 3/31/2001, 20% on 3/31/2002 and 20% on 3/31/2003.
(4)	This award vested as follows: 25% on 4/31/2001, 25% on 3/31/2002, 25% on 3/31/2003 and 25% on 3/31/2004.

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