H&R BLOCK INC — Director's Dealing 2008

Jul 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2008-07-03

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-03	Call Option to Purchase	$21.81	A	57841	Acquired	2018-07-03	Common Stock (57841)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13186.9866	Direct
Phantom Stock	1408.368	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$19.515	2012-12-02	Common Stock (40000)	40000	Direct
Call Option to Purchase	$21.625	2013-06-30	Common Stock (28000)	28000	Direct
Call Option to Purchase	$23.37	2017-06-30	Common Stock (30000)	30000	Direct
Call Option to Purchase	$23.84	2014-06-30	Common Stock (28000)	28000	Direct
Call Option to Purchase	$23.86	2016-06-30	Common Stock (30000)	30000	Direct
Call Option to Purchase	$29.175	2015-06-30	Common Stock (26000)	26000	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: Options vest in three equal annual installments beginning on the first anniversary of the date of grant.