UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Quinn, David W.
Centex Corporation
2728 N. Harwood, 9th Floor
Dallas, TX 75201
2. Issuer Name and Ticker or Trading Symbol
Centex Corporation (CTX)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
05/01
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice Chairman
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount
of 6) 7)Nature of
action action or Disposed of (D) Securities
Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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------------------
Common Stock 05/07/01 M 35,000 A $17.5625 D
Direct
Common Stock 05/07/01 S (1) 35,000 D $45.2559 D
Direct
Common Stock 05/07/01 M 50,000 A $17.5625 D
Direct
Common Stock 05/07/01 S (1) 50,000 D $45.1516 D
Direct
Common Stock 05/10/01 M 25,000 A $23.8100 D
Direct
Common Stock 05/10/01 S (1) 25,000 D $44.5370 D
Direct
Common Stock 05/10/01 M 30,900 A $17.5625 D
Direct
Common Stock 05/10/01 S (1) 30,900 D $45.2500 400
D Direct
Common Stock 3,663 I by 401(k)
Plan
Common Stock 05/07/01 S (1) 100,000 D $45.6500 40,500
I by Family Ltd Ptr
shp
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative
6)Date Exercisable and
Security or Exercise action action Securities Acquired (A)
Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable
Expiration
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Non-Qualified Stock Option $17.5625 05/07/01 M 35,000 (2)
04/01/07
(right to buy)
Non-Qualified Stock Option $17.5625 05/07/01 M 50,000 (2)
04/01/07
(right to buy)
Non-Qualified Stock Option $17.5625 05/10/01 M 30,900 (2)
04/01/07
(right to buy)
Non-Qualified Stock Option $23.8100 05/10/01 M 25,000 (3)
04/01/10
(right to buy)
Non-Qualified Stock Option $36.0600
04/01/09
(right to buy)
Non-Qualified Stock Option $38.6875
04/01/08
(right to buy)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned
(Columns 1,3 and 7 through 11)
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------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number
of 10) 11)Nature of
Security action of Underlying of Deri- Derivative
Indirect
Date Securities vative Securities D
Beneficial
Amount or Security Beneficially or
Ownership
Number of Owned at I
- Title Shares End of Month
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Non-Qualified Stock Option 05/07/01 Common Stock 35,000
D Direct
(right to buy)
Non-Qualified Stock Option 05/07/01 Common Stock 50,000
D Direct
(right to buy)
Non-Qualified Stock Option 05/10/01 Common Stock 30,900 0
D Direct
(right to buy)
Non-Qualified Stock Option 05/10/01 Common Stock 25,000
143,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 168,000 168,000
D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 168,000 168,000
D Direct
(right to buy)
Explanation of Responses:
(1)
These shares were sold for the reporting person's family trust and estate planning purposes.
(2)
Shares vest over four years with 20% vesting on the date of grant of 04/01/97 and 20% vesting
on each of the first four
anniversaries of the date of grant.
(3)
Shares vest over four years with 20% vesting on the date of grant of 04/01/00 and 20% vesting
on each of the first four
anniversaries of the date of grant.
SIGNATURE OF REPORTING PERSON
/S/ Quinn, David W.
DATE 06/05/01