KB HOME — Director's Dealing 2020

Jan 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2020-01-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-28	Common Stock	M	224951	$11.06	Acquired	1098226	Direct
2020-01-28	Common Stock	S	224951	$39.01	Disposed	873275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-28	Non-Qualfied Stock Option (Right to Buy)	$11.06	M	224951	Disposed	2020-10-07	Common Stock (224951.0)	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 $38.41 to $39.29, 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 7, 2020, vested in three equal annual installments on October 7, 2011, 2012 and 2013. The reporting person's Form 4 filed with the Securities and Exchange Commission on November 5, 2019 inadvertently overstated the number of remaining stock options for this award by 20,000 shares.