KB HOME — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2016-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-12	Common Stock	A	251617	—	Acquired	628010	Direct
2016-02-12	Common Stock	F	131294	$10.21	Disposed	496716	Direct

Footnotes

F1: Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were awarded to the reporting person on November 8, 2012. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of average return on equity and revenue growth (relative to a peer group) over the three-year period of December 1, 2012 to November 30, 2015, per the terms of the PSUs.

F2: Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.