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: Finchem Timothy W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-08	Common Stock	M	9867	—	Acquired	9867	Direct
2013-04-08	Common Stock	D	9867	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-04	Common Stock Unit	$0	A	7703	Acquired		Common Stock (7703)	Direct
2013-04-04	Non-Qualified Stock Option (Right to Buy)	$20.7	A	7241	Acquired	2023-04-04	Common Stock (7241)	Direct
2013-04-08	Common Stock Unit	$	M	9867	Disposed		Common Stock (9867)	Direct

Footnotes

F1: Each common stock unit was the economic equivalent of one share of KB Home common stock, and was settled in cash at the price of KB Home's common stock on January 1, 2013 (which was $15.80 per share), as established at the time of the grant per the reporting person's election.

F2: 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 upon the reporting person's leaving the registrant's Board of Directors.

F3: 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.