KB HOME — Director's Dealing 2020

Aug 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2020-08-12

Reporting Person: JASTROW KENNETH M II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-12	Common Stock	M	16458	$8.46	Acquired	144462	Direct
2020-08-12	Common Stock	D	3803	$36.61	Disposed	140659	Direct
2020-08-12	Common Stock	M	7241	$20.70	Acquired	147900	Direct
2020-08-12	Common Stock	D	4094	$36.61	Disposed	143806	Direct
2020-08-12	Common Stock	M	9157	$17.60	Acquired	152963	Direct
2020-08-12	Common Stock	D	4403	$36.61	Disposed	148560	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-12	Non-Qualified Stock Option (Right to Buy)	$8.46	M	16458	Disposed	2022-04-12	Common Stock (16458.0)	Direct
2020-08-12	Non-Qualified Stock Option (Right to Buy)	$20.7	M	7241	Disposed	2023-04-04	Common Stock (7241.0)	Direct
2020-08-12	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 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.