H&R BLOCK INC — Director's Dealing 2006

Dec 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2006-12-01

Reporting Person: GRAEBNER CAROL F (Executive VP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-01	Common Stock, without par value	A	10000	—	Acquired	13000.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Call Option to Purchase	$23.7500	A	50000	Acquired	2016-12-01	Common Stock, without par value (50000)	Direct

Footnotes

F1: Restricted Shares of Common Stock granted under the H&R Block, Inc. 2003 Long-Term Executive Compensation Plan. The restrictions lapse in three equal annual installments beginning on the first anniversary of the date of grant.

F2: The option vests in three equal annual installments beginning on the first anniversary of the date of grant.