H&R BLOCK INC — Director's Dealing 2008

Jan 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2008-01-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-08	Phantom Stock	A	8.907	$18.61	Acquired	1191.799	Direct
2008-01-08	Phantom Stock	A	8.645	$19.46	Acquired	1200.444	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13207.5956	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: Units acquired through dividend reinvestment 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.