KB HOME — Director's Dealing 2011

Jul 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2011-07-14

Reporting Person: Silk Thomas S (SVP, Marketing and Comm.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-14	Non-Qualified Stock Options (Right to Buy)	$9.54	A	20000	Acquired	2021-07-14	Common Stock (20000)	Direct

Footnotes

F1: The stock options vest in three equal annual installments beginning on July 14, 2012.