KB HOME — Director's Dealing 2019

May 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2019-05-08

Reporting Person: Wood Michael M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-08	Common Stock	M	2221	$18.14	Acquired	47042	Direct
2019-05-08	Common Stock	D	1595	$25.26	Disposed	45447	Direct
2019-05-08	Common Stock	M	9157	$17.60	Acquired	54604	Direct
2019-05-08	Common Stock	D	6381	$25.26	Disposed	48223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-08	Non-Qualfied Stock Option (Right to Buy)	$18.14	M	2221	Disposed	2024-01-22	Common Stock (2221.0)	Direct
2019-05-08	Non-Qualified Stock Option (Right to Buy)	$17.6	M	9157	Disposed	2024-04-03	Common Stock (9157.0)	Direct

Footnotes

F1: Based on the reporting person's election, the reporting person received shares of the issuer's common stock equal in value to the positive difference between each exercised stock option's respective exercise price and the closing price of the issuer's common stock on the date of exercise. Accordingly, each exercised stock option was settled in a manner similar to a stock appreciation right. No shares of the issuer's common stock were sold in these transactions.