UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Wilson, Barry G
2728 N. Harwood
Dallas, TX 75201
2. Date of Event Requiring Statement (Month/Day/Year)
06/11/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Centex Corporation
CTX
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Controller
6. If Amendment, Date of Original (Month/Day/Year)
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>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
|19 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (r|____(2) |5/12/2006|Common Stock |5,000 |$28.75 |D | |
ight to buy) (1) | | | | | | | |
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Employee Stock Option (r|____(3) |4/1/2007 |Common Stock |5,925 |$35.125 |D | |
ight to buy) (1) | | | | | | | |
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Explanation of Responses:
(1) The Plan pursuant to which the reported option was granted empowers the
Stock Option Committee, in its
discretion, to allow tax withholding at the time of
exercise.
(2) Exercisable: 1,000 shares each on May 13, 1998, 1999, 2000, 2001 and
2002.
(3) Exercisable: 1,185 shares each on April 1, 1997, 1998, 1999, 2000 and
2001.
SIGNATURE OF REPORTING PERSON
\s\ Barry G. Wilson
DATE
June 11, 1997
