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KB HOME Director's Dealing 2009

Apr 9, 2009

31150_dirs_2009-04-09_a34e377b-a90d-489e-b4bb-4c64794ee4d0.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2009-04-02

Reporting Person: Marlett Wendy L (SVP, Sales, Mark. & Comm.)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 11043 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-Qualified Stock Options (right to buy) $13.95 2016-10-30 Common Stock (10000) Direct
Non-Qualified Stock Options (right to buy) $21.51 2017-10-07 Common Stock (13334) Direct
Non-Qualified Stock Options (right to buy) $23.13 2017-10-07 Common Stock (6666) Direct
Non-Qualified Stock Options (right to buy) $33.24 2018-10-24 Common Stock (3734) Direct
Non-Qualified Stock Options (right to buy) $33.92 2018-10-24 Common Stock (7466) Direct
Non-Qualified Stock Options (right to buy) $45.68 2019-10-22 Common Stock (10000) Direct
Non-Qualified Stock Options (right to buy) $69.63 2015-10-18 Common Stock (2000) Direct
Phantom Shares $ 2010-07-11 Common Stock (9326) Direct
Phantom Shares $ 2010-10-04 Common Stock (10677) Direct
Phantom Shares $ 2011-10-03 Common Stock (6282) Direct
Stock Appreciation Rights $36.19 2017-07-12 Common Stock (9624) Direct
Stock Appreciation Rights $28.10 2017-10-04 Common Stock (12295) Direct
Stock Appreciation Rights $19.90 2018-10-02 Common Stock (56832) Direct

Footnotes

F1: The Non-Qualified Stock Options are fully vested and exercisable. They vested in three equal annual installments beginning on the anniversary of the date of grant.

F2: Each Phantom Share is the economic equivalent of one share of KB Home common stock and vests in full three years after date of grant. At vesting, each Phantom Share will be paid out in cash.

F3: The Stock Appreciation Rights vest(ed) in three equal annual installments beginning on July 12, 2008, and will be paid out in cash upon exercise.

F4: The Stock Appreciation Rights vest(ed) in three equal annual installments beginning on October 4, 2008, and will be paid out in cash upon exercise.

F5: The Stock Appreciation Rights vest in three equal annual installments beginning on October 2, 2009, and will be paid out in cash upon exercise.