KB HOME — Director's Dealing 2018

Oct 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2018-10-01

Reporting Person: HOLLINGER WILLIAM R (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-01	Common Stock	M	79564	$19.90	Acquired	234539	Direct
2018-10-01	Common Stock	S	79564	$23.96	Disposed	154975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-01	Non-Qualified Stock Options (Right to Buy)	$19.9	M	79564	Disposed	2018-10-02	Common Stock (79564.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2018 and in multiple transactions at prices ranging from $23.78 to $24.18, 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, which expire on October 2, 2018, were granted to the reporting person on August 13, 2010 in connection with an exchange offer to replace an equal number of canceled cash-settled stock appreciation rights (SARs) that were granted to the reporting person on October 2, 2008. The stock options have the same term, vesting schedule (three equal annual installments beginning on October 2, 2009), and exercise price as the canceled SARs.