KB HOME — Director's Dealing 2020

Nov 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2020-11-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-04	Common Stock	M	190704	$6.32	Acquired	1178194	Direct
2020-11-04	Common Stock	S	190704	$36.18	Disposed	987490	Direct
2020-11-04	Common Stock	M	67864	$6.32	Acquired	1055354	Direct
2020-11-04	Common Stock	S	40660	$36.18	Disposed	1014694	Direct
2020-11-04	Common Stock	S	27204	$36.59	Disposed	987490	Direct
2020-11-05	Common Stock	M	123531	$6.32	Acquired	1111021	Direct
2020-11-05	Common Stock	S	89403	$36	Disposed	1021618	Direct
2020-11-05	Common Stock	S	34128	$36.76	Disposed	987490	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-04	Non-Qualified Stock Options (Right to Buy)	$6.32	M	190704	Disposed	2021-10-06	Common Stock (190704.0)	Direct
2020-11-04	Non-Qualified Stock Options (Right to Buy)	$6.32	M	67864	Disposed	2021-10-06	Common Stock (67864.0)	Direct
2020-11-05	Non-Qualified Stock Options (Right to Buy)	$6.32	M	123531	Disposed	2021-10-06	Common Stock (123531.0)	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 $35.50 to $36.4975, 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 each range set forth in footnotes (1) through (4) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $36.71, inclusive.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.50 to $36.495, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $37.00, inclusive.

F5: The stock options vested in three equal annual installments beginning on October 6, 2012.

F6: One-third of this performance-based stock option, or 121,667 options, vested on January 24, 2013, upon the Board of Directors' 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.