KB HOME — Director's Dealing 2020

Nov 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2020-11-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-16	Common Stock	M	173605	$6.32	Acquired	1161095	Direct
2020-11-16	Common Stock	S	173605	$33.91	Disposed	987490	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-16	Non-Qualified Stock Options (Right to Buy)	$6.32	M	173605	Disposed	2021-10-06	Common Stock (173605.0)	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 $33.53 to $34.22, 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: One-third of this performance-based stock option, or 121,667 options, vested on January 24, 2013, upon a determination that the performance condition was satisfied. The remaining two-thirds of the option, or 243,333 options, vested in two equal annual installments on October 6, 2014 and 2015.