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Filing Details

Accession Number:: 0001179110-11-008664
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-26 17:35:43
Reporting Period:: 2011-05-25

Filing Date:: 2011-05-26
Accepted Time:: 2011-05-26 16:35:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
915840	Beazer Homes Usa Inc	BZH	Operative Builders (1531)	582086934

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1239441	P Allan Merrill	1000 Abernathy Rd Suite 1200 Atlanta GA 30328	Evp, Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-05-25	2,500	$3.60	472,479	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	7.25% Tangible Equity Units	Acquisiton	2011-05-25	1,000	$20.50	4,302	$0.00
Common Stock	7 1/2% Mandatory Convertible Subordinates Notes due 2013	Acquisiton	2011-05-25	1,000	$17.25	5,434	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,000			No	4	P	Direct
1,000			No	4	P	Direct

Footnotes

Tangible Equity Units ("TEUs") include a prepaid stock purchase contract that will be automatically settled on August 15, 2013; provided, however, that Mr. Merrill may elect to settle the prepaid stock purchase contracts at any time prior to the automatic settlement date.
Represents maximum number of shares of common stock to be issued upon settlement of the stock purchase contracts included with the TEUs. The number of shares issuable upon automatic settlement is based on the market value of the common stock as of the automatic settlement date and will be between 3.5126 shares per TEU to 4.3029 shares per TEU. Stock purchase contracts settled prior to August 15, 2013 will be settled at a rate of 3.5126 shares per TEU.
7 1/2% Mandatory Convertible Subordinated Notes due 2013 ("Convertible Notes") will automatically convert into shares of common stock on January 15, 2013 (the "stated maturity date"); provided, however, that Mr. Merrill may elect to convert the Convertible Notes at any time prior to the stated maturity date.
Represents maximum number of shares of common stock to be issued upon settlement of the Convertible Notes. The number of shares issuable on the stated maturity date is based on the applicable market value of the common stock on such date and will be between 4.4547 shares per $25 principal amount converted and 5.4348 shares per $25 principal amount converted, subject to adjustment in certain circumstances. Convertible Notes converted at Mr. Merrill's election prior to the stated maturity date will be converted at a rate of 4.4547 shares per $25 principal amount, subject to adjustment in certain circumstances.