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OMB APPROVAL
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------ OMB Number: 3235-0287
FORM 4 Expires: January 31, 2005
------ Estimated average burden
hours per response ....... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
SARVER ROBERT GARY
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(Last) (First) (Middle)
P.O. BOX 675847
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(Street)
RANCHO SANTA FE CA 92067
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(City) (State) (Zip)
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2. Issuer Name AND Ticker or Trading Symbol
MERITAGE CORPORATION (MTH)
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Day/Year
MARCH 13, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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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Page 1 of 3
Form 4 (continued)
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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| | | | | 5. | |
| | | | | Amount | |
| | | | | of | |
| | | | | Secur- | |
| | | | 4. | ities | | 7.
| | | | Securities | Bene- | 6. | Nature
| | | | Acquired (A) | ficially | Owner- | of
| | | | or Disposed | Owned | ship | Indirect
| | 2A. | 3. | of (D) (Instr. | Following| Form: | Bene-
| | Deemed | Transaction | 3, 4 and 5) | Reported | Direct | ficial
| 2. | Execution | Code | ---------------- | Trans- | (D) or | Owner-
1. | Transaction | Date, if | (Instr. 8) | |(A)| | action(s)| Indirect | ship
Title of Security | Date (Month/| any (Month/| ----------- | Amount|or |Price | (Instr. | (I) | (Instr.
(Instr. 3) | Day/Year) | Day/Year) | Code | V | |(D)| | 3 and 4) | (Instr.4)| 4)
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Meritage Corporation
Common Stock 580,600 D
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Page 2 of 3
Form 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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| | | | |5. | | | |9. |10. |
| | | | |Number | | | |Number |Owner-|
| | | | |of | |7. | |of |ship |
|2. | | | |Deriv- | |Title and | |Deriv- |of |
|Conver-| | | |ative | |Amount of | |ative |Deriv-|11.
|sion | | | |Secur- | |Underlying | |Secur- |ative |Nature
|or | |3A. | |ities |6. |Securities |8. |ities |Secur-|of
|Exer- | |Deemed |4. |Acquired |Date |(Instr. 3 |Price |Bene- |ity: |In-
|cise |3. |Execu- |Trans- |(A) or |Exercisable and |and 4) |of |ficially|Direct|direct
|Price |Trans- |tion |action |Disposed |Expiration Date |-------------|Deriv- |Owned |(D) or|Bene-
1. |of |action |Date, |Code |of(D) |(Month/Day/Year) | |Amount|ative |at End |In- |ficial
Title of |Deriv- |Date |if any |(Instr.|(Instr.3,|-----------------| |or |Secur- |of |direct|Owner-
Derivative |ative |(Month/ |(Month/ |8) |4 and 5) |Date | Expira-| |Number|ity |Month |(I) |ship
Security |Secur- |Day/ |Day/ |------ |-------- |Exer- | tion | |of |(Instr.|(Instr. |(Instr|(Instr.
(Instr. 3) |ity |Year) |Year) |Code|V |(A) | (D)|cisable | Date |Title |Shares|5) |4) |4) |4)
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Meritage Corp MTH
Common Stock Common
Options $32.00 3/14/03 A 1,250 3/13/04 3/12/10 Stock 1,250 $32.00
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" $32.00 3/14/03 A 1,250 3/13/05 3/12/10 " 1.250 $32.00 35,000 D
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Explanation of Responses:
/s/ Robert G. Sarver 3/17/03
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**Signature of Reporting Person Date
* 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).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Page 3 of 3