KB HOME — Director's Dealing 2010

Oct 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2010-10-07

Reporting Person: ALEXANDER STILES BARBARA (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-07	Non-Qualified Stock Options (Right to Buy)	$11.06	A	7350	Acquired	2020-10-07	Common Stock (7350)	Direct
2010-10-07	Common Stock Unit	$0	A	3051	Acquired		Common Stock (3051)	Direct

Footnotes

F1: Award of common stock options under the Amended and Restated KB Home Non-Employee Directors Compensation Plan, which award is exempt under Rule 16b-3.

F2: Award of common stock units under the Amended and Restated Non-Employee Directors Compensation Plan and the reporting person's elections, which award is exempt under Rule 16b-3. Each common stock unit vests one year after the date of grant and, per the reporting person's election, is to be paid out upon the reporting person's leaving the registrant's Board of Directors.