KB HOME — Director's Dealing 2014

Jan 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2014-01-23

Reporting Person: MEZGER JEFFREY T (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-23	Non-Qualfied Stock Option (Right to Buy)	$11.06	A	260000	Acquired	2020-10-07	Common Stock (260000.0)	Direct

Footnotes

F1: On October 7, 2010, the reporting person was granted an award of performance-based stock options to purchase an aggregate of 260,000 shares of common stock. The options vest in three equal annual installments on the anniversary of the grant date subject to the satisfaction of certain performance criteria as of the end of the issuer's fiscal year in any of 2011, 2012 or 2013. The performance criteria were determined to be satisfied as of the end of the issuer's 2013 fiscal year, resulting in the vesting of all of the options.