H&R BLOCK INC — Director's Dealing 2007

Aug 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2007-08-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-07	Phantom Stock	A	7.302	$23.1300	Acquired	1102.2320	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, without par value	12880.2489	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$19.5150	2012-12-02	Common Stock, without par value (40000.0000)	40000.0000	Direct
Call Option to Purchase	$21.6250	2013-06-30	Common Stock, without par value (28000.0000)	28000.0000	Direct
Call Option to Purchase	$23.8400	2014-06-30	Common Stock, without par value (28000.0000)	28000.0000	Direct
Call Option to Purchase	$29.1750	2015-06-30	Common Stock, without par value (26000.0000)	26000.0000	Direct
Call Option to Purchase	$23.8600	2016-06-30	Common Stock, without par value (30000.0000)	30000.0000	Direct
Call Option to Purchase	$23.3700	2017-06-30	Common Stock, without par value (30000.0000)	30000.0000	Direct

Footnotes

F1: Shares of stock units are held in the H&R Block Deferred Compensation Plan for Executives or the H&R Block Deferred Compensation Plan for Directors. Each unit has the value of one share of Common Stock.

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