KB HOME — Director's Dealing 2009

Oct 2, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2009-10-01

Reporting Person: SHIBA WENDY C (EVP, Gen. Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-01	Common Stock	A	10930	—	Acquired	20930	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-01	Non-Qualified Stock Options (Right to Buy)	$15.44	A	70768	Acquired	2019-10-01	Common Stock (70768)	Direct

Footnotes

F1: Grant of restricted common stock that vests in full three years after date of grant.

F2: The stock options vest in three equal annual installments beginning on October 1, 2010.