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KB HOME Director's Dealing 2014

Jan 24, 2014

31150_dirs_2014-01-24_eafc23ed-173c-4185-a804-9dde4233a6ac.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2014-01-22

Reporting Person: Wood Michael M. (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-01-22 Common Stock Unit A 930 $18.14 Acquired 930 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-01-22 Non-Qualfied Stock Option (Right to Buy) $18.14 A 2221 Acquired 2024-01-22 Common Stock (2221.0) Direct

Footnotes

F1: 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 represents the right to receive a payment equal to the fair market value of one share of the issuer's common stock, vests one year from the date of grant and, per the reporting person's election, is to be paid out in one share of the issuer's common stock.

F2: 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.