KB HOME — Director's Dealing 2010

Jan 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2010-01-21

Reporting Person: MEZGER JEFFREY T (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-21	Common Stock	D	5508	—	Disposed	378278	Direct
2010-01-21	Common Stock	F	17885	$14.96	Disposed	360393	Direct

Footnotes

F1: Forfeiture of a portion of a restricted common stock award based on the achievement of a performance goal to which the vesting of the original award was subject. The reporting person vested in approximately 90% of the restricted common stock granted under the original award.

F2: Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the vesting of the restricted common stock described in the above footnote.