KB HOME — Director's Dealing 2017

Mar 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2017-03-29

Reporting Person: Norton Thomas F (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-29	Common Stock	M	45000	$11.06	Acquired	106429	Direct
2017-03-29	Common Stock	S	45000	$19.81	Disposed	61429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-29	Non-Qualfied Stock Option (Right to Buy)	$11.06	M	45000	Disposed	2020-10-07	Common Stock (45000.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.76 to $19.92, inclusive. The reporting person undertakes to provide to KB Home, any security holder of KB Home, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

F2: The stock options vested in three equal installments on October 7, 2011, 2012 and 2013.