FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Sarver Robert Gary
   2. Issuer Name and Ticker or Trading Symbol
Meritage Homes CORP [MTH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
17851 NORTH 85TH STREET, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
02/18/2010
(Street)

SCOTTSDALE, AZ 85255		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
MTH COMMON STOCK               6,000 I Penny Sarver (wife) (1)
MTH COMMON STOCK               2,000 I Penny Sarver, custodian FBO Max Sarver (minor son) (1)
MTH COMMON STOCK               4,400 I Robert Sarver, trustee of the Eva Lauren Hilton Trust (1)
MTH COMMON STOCK               4,400 I Robert Sarver, trustee of the Shari Rachel Hilton Trust (1)
MTH COMMON STOCK               12,000 (2) D  
MTH COMMON STOCK 02/18/2010   A   6,000 A $ 0 6,000 (3) D  
MTH COMMON STOCK               1,000,000 (4) I See Note.
MTH COMMON STOCK               191,000 I Robert Sarver, trustee of the Robert Sarver Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
STOCK OPTION (RIGHT TO BUY) $ 31.31 (5)               (6) 05/12/2011 COMMON STOCK 10,000 (5)   10,000 D  
STOCK OPTION (RIGHT TO BUY) $ 42.82               (7) 01/28/2014 COMMON STOCK 4,000   4,000 D  
STOCK OPTION (RIGHT TO BUY) $ 15.98               (8) 12/10/2014 COMMON STOCK 7,500   7,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Sarver Robert Gary
17851 NORTH 85TH STREET, SUITE 300
SCOTTSDALE, AZ 85255		   X      

Signatures

 /s/ Robert G. Sarver   02/22/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Mr. Sarver disclaims any beneficial or pecuniary ownership of these shares.
(2) Restricted stock granted 2/11/2009; 6,000 shares on 2/11/2011 and 2/11/2012.
(3) Restricted stock granted 2/18/2010; vesting 6,000 shares on 2/18/2013.
(4) These represent shares purchased by Southwest Value Partners Fund XIV, LP. Mr. Sarver indirectly shares control over the voting, purchase and disposition of these shares. He disclaims any direct pecuniary interest in such shares and has only an indirect beneficial or pecuniary interest in them.
(5) Adjusted for a 2:1 stock split in 2005.
(6) Stock option granted 5/13/2004; vesting in 2 equal annual installments on 5/13/2005 and 5/13/2006.
(7) Stock option granted 1/29/2007; vesting in 2 equal annual installments on 1/29/2008 and 1/29/2009.
(8) Stock option granted 12/11/2007; vesting in 2 equal annual installments on 12/11/2008 and 12/11/2009.

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