H&R BLOCK INC — Director's Dealing 2007

Mar 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2007-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-28	Common Stock, without par value	J	38.349	$24.7600	Acquired	13038.3490	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$23.7500	2016-12-01	Common Stock, without par value (50000)	50000	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: The option vests in three equal annual installments beginning on the first anniversary of the date of grant.