KB HOME — Director's Dealing 2013

Apr 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2013-04-04

Reporting Person: JASTROW KENNETH M II (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-04	Common Stock Unit	$0	A	3260	Acquired		Common Stock (3260)	Direct
2013-04-04	Non-Qualified Stock Option (Right to Buy)	$20.7	A	7241	Acquired	2023-04-04	Common Stock (7241)	Direct

Footnotes

F1: Annual award of common stock units under the Amended and Restated KB Home Non-Employee Directors Compensation Plan and the reporting person's elections, which award is exempt under Rule 16b-3. Each stock unit vests one year from the date of grant and, per the reporting person's election, is to be paid out immediately after vesting.

F2: Annual 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.