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KB HOME — Director's Dealing 2010
Aug 17, 2010
31150_dirs_2010-08-17_ab871450-0674-46a4-a477-8e86cffbf577.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2010-08-13
Reporting Person: Norton Thomas F (SVP, Human Resources)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-13 | Stock Appreciation Rights | $11.25 | D | 42293 | Disposed | 2019-01-22 | Common Stock (42293) | Direct |
| 2010-08-13 | Non-Qualified Stock Option (Right to Buy) | $11.25 | A | 42293 | Acquired | 2019-01-22 | Common Stock (42293) | Direct |
Footnotes
F1: On August 13, 2010, the issuer canceled, pursuant to an exchange offer, the cash-settled stock appreciation rights (SARs) reported in Table II. In exchange, the issuer granted to the reporting person an equal number of non-qualified options to purchase shares of the issuer's common stock. The stock options granted to the reporting person have the same term, vesting schedule and exercise price as the canceled SARs. The SARs were originally granted to the reporting person on January 22, 2009 and vest(ed) in three equal annual installments beginning on January 22, 2010.