H&R BLOCK INC — Director's Dealing 2006

Aug 23, 2006

SEC Form 4/A — Form 4/A

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2006-06-30

Reporting Person: SERATI TAMMY S (Senior VP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-30	Common Stock, without par value	J	38.712	$22.6700	Acquired	15146.7543	Direct
2006-06-30	Common Stock, without par value	F	1294	$23.9400	Disposed	13852.7543	Direct
2006-06-30	Common Stock, without par value	J	6000	$23.8600	Acquired	19852.7543	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-30	Call Option to Purchase	$23.8600	A	30000	Acquired	2016-06-30	Common Stock, without par value (30000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$19.5150	2012-12-02	Common Stock, without par value (40000)	40000	Direct
Call Option to Purchase	$21.6250	2013-06-30	Common Stock, without par value (28000)	28000	Direct
Call Option to Purchase	$23.8400	2014-06-30	Common Stock, without par value (28000)	28000	Direct
Call Option to Purchase	$29.1750	2015-06-30	Common Stock, without par value (26000)	26000	Direct

Footnotes

F1: Units acquired under the H&R Block Deferred Compensation Plan for Executives, as Amended and Restated. Each unit has the value of one share of Common Stock.

F2: Restricted shares of Common Stock granted under the H&R Block, Inc. 2003 Long-Term Executive Compensation Plan. The shares are restricted for three years from the date of grant, at which time they will vest subject to the satisfaction of certain performance criteria.

F3: The option vests in three equal annual installments beginning on the first anniversary of the date of grant.