KB HOME — Director's Dealing 2010

Jul 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2010-07-15

Reporting Person: Woram Brian J (EVP,General Counsel&Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-15	Common Stock	A	11768	—	Acquired	11768	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-15	Non-Qualified Stock Options (right to buy)	$11.26	A	79529	Acquired	2020-07-15	Common Stock (79529)	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 July 15, 2011.