U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Quinn, David W.
3333 Lee Parkway
Suite 1200
Dallas, TX 75219
USA
2. Issuer Name and Ticker or Trading Symbol
Centex Corporation
CTX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
March 1996
5. If Amendment, Date of Original (Month/Year)
March 1996
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice Chairman of the Board and Chief Financial Officer
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value $0.25|____(1|T |409 (2) |A |____(1) |1,389(2) |I |Centex Corp Profit Sharing |
per share |) | | | | | | |Plan |
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Common Stock, par value $0.25| | | | | |200 |D | |
per share | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (r|$27.875 |5/15/|J(3)|100,000 |A |*(4) |5/14/|Common Stock|100,000| | | | |
ight to buy) | |95 | | | | |05 | | | | | | |
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Explanation of Responses:
(1) These shares were acquired during the fiscal year ending March 31, 1996
under the Centex Corporation Profit
Sharing Plan at prices ranging from $24.25 per share to $34.21 per share in
transactions that were exempt from
Section 16(b) by virtue of old Rule 16a-8(b). The information is provided as of
March 31, 1996, and is based upon
the most recently available plan
information.
(2) Share numbers are rounded to the nearest whole
share.
(3) Grant to reporting person of option to buy 100,000 shares of common stock
under the Centex Corporation 1987
Stock Option Plan in a transaction exempt under old Rule
16b-3.
(4) The option becomes exercisable upon the achievement by Centex Corporation
of certain performance goals.
SIGNATURE OF REPORTING PERSON
\s\ David W. Quinn
DATE
July 11, 1996
