H&R BLOCK INC — Director's Dealing 2007

Jul 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2007-06-30

Reporting Person: ERNST MARK A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-30	Common Stock, without par value	F	6690	$23.3700	Disposed	276580.2375	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-30	Call Option to Purchase	$23.3700	A	425000	Acquired	2017-06-30	Common Stock, without par value (425000.0000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$10.0313	2008-09-01	Common Stock, without par value (600000.0000)	600000.0000	Direct
Call Option to Purchase	$12.5000	2009-06-30	Common Stock, without par value (240000.0000)	240000.0000	Direct
Call Option to Purchase	$8.0938	2010-06-30	Common Stock, without par value (300000.0000)	300000.0000	Direct
Call Option to Purchase	$16.1375	2011-06-30	Common Stock, without par value (360000.0000)	360000.0000	Direct
Call Option to Purchase	$23.0750	2012-06-30	Common Stock, without par value (240000.0000)	240000.0000	Direct
Call Option to Purchase	$21.6250	2013-06-30	Common Stock, without par value (220000.0000)	220000.0000	Direct
Call Option to Purchase	$23.8400	2014-06-30	Common Stock, without par value (220000.0000)	220000.0000	Direct
Call Option to Purchase	$29.1750	2015-06-30	Common Stock, without par value (260000.0000)	260000.0000	Direct
Call Option to Purchase	$23.8600	2016-06-30	Common Stock, without par value (376885.0000)	376885.0000	Direct

Footnotes

F1: Balance has been adjusted to exclude Performance Shares previously reported (not reportable).

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