KB HOME — Director's Dealing 2012

Jul 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2012-07-18

Reporting Person: Gilligan Thomas W. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-18	Non-Qualified Stock Option (Right to Buy)	$9.89	A	10491	Acquired	2022-07-18	Common Stock (10491)	Direct
2012-07-18	Common Stock Unit	$0	A	5118	Acquired		Common Stock (5118)	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 KB Home Non-Employee Directors Compensation Plan, which award is exempt under Rule 16b-3. Each stock unit vests one year from the date of grant and is to be paid out upon the reporting person's leaving the registrant's Board of Directors.