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KB HOME — Director's Dealing 2017
Feb 17, 2017
31150_dirs_2017-02-17_1e72a373-b41d-4592-9fec-129601d815b4.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: 2017-02-15
Reporting Person: Norton Thomas F (SVP, Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-15 | Common Stock | A | 10920 | — | Acquired | 65533 | Direct |
| 2017-02-15 | Common Stock | F | 4104 | $16.67 | Disposed | 61429 | 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 October 10, 2013. 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, 2013 to November 30, 2016, 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.