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. See Instructions 1(b).
1. Name and Address of Reporting Person
Bilheimer, Stephen J.
2728 N. Harwood
Dallas, TX 75201
USA
2. Issuer Name and Ticker or Trading Symbol
3333 Holding Corporation
trades in tandem with Centex Corporation - CTX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February 1997
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)
President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $0.01 par val|2/3/97|M(1)| |.173(2) |A |$8.50(3) | | | |
ue per share | | | | | | | | | |
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Common Stock, $0.01 par val|2/3/97|S(1)| |.173(2) |D |$39.25(3) | | | |
ue 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 | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price 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 |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option Right to Buy |$8.50 |2/3/9|M(1)| |.173(2) |D |____(|11/11|Common Stock|.173(2)| |.1038 |D | |
| |7 | | | | |4) |/97 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) This exercise and/or sale was made pursuant to and in reliance upon the
exemption contained in Rule 16b-3.
(2) Pursuant to a Nominee Agreement dated November 30, 1987, each person who is
the beneficial owner of shares
of Centex Corporation ("Centex") Common Stock is also the beneficial owner of
an undivided interest in 1,000 shares
(the "Shares") of common stock of 3333 Holding Corporation, which Shares are
held of record by Chemical Bank as
successor nominee. Each beneficial owner's proportionate ownership of the
Shares is based on the number of
Centex Common Stock he owns divided by the total number of shares of Centex
Common Stock outstanding from time
to time. Until the Nominee Agreement is terminated with respect to the Shares
and certificates evidencing the Shares
are issued in the name of the beneficial owners thereof, the Reporting Person
has no right to obtain a certificate
evidencing his beneficial interest in the Shares or to dispose of the Shares
separate from Centex Common Stock.
Computations set forth in this Form have been made using 28,887,672 shares of
Centex Common Stock outstanding
as reported in Centex Corporation's Form 10-Q for fiscal quarter ending
12/31/96.
(3) Per share of Common Stock of Centex
Corporation.
(4) Centex Corporation Employee Stock Option granted 11/11/87. Options vest
over the ten year life of the option at
the rate of 3,000 shares of Centex Common Stock a year, beginning on the first
anniversary of the grant with full
vesting nine years and eight months after the date of the
grant.
SIGNATURE OF REPORTING PERSON
\s\ J. Stephen Bilheimer
DATE
March 3, 1997