KB Home
KB HOME (Form: 4, Received: 08/14/2017 17:06:33)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MEZGER JEFFREY T
2. Issuer Name and Ticker or Trading Symbol

KB HOME [ KBH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

8/10/2017
(Street)

LOS ANGELES, CA 90024
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/10/2017     M    99248   A $21.51   682996   D    
Common Stock   8/10/2017     S    99248   D $22.73   (1) 583748   D    
Common Stock   8/11/2017     M    167418   A $21.51   751166   D    
Common Stock   8/11/2017     S    167418   D $22.66   (2) 583748   D    
Common Stock   8/14/2017     M    133334   A $21.51   717082   D    
Common Stock   8/14/2017     S    133334   D $23.07   (3) 583748   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualfied Stock Option (Right to Buy)   $21.51   8/10/2017     M         99248      (4) 10/7/2017   Common Stock   99248.0   $0   300752   D    
Non-Qualfied Stock Option (Right to Buy)   $21.51   8/11/2017     M         167418      (4) 10/7/2017   Common Stock   167418.0   $0   133334   D    
Non-Qualfied Stock Option (Right to Buy)   $21.51   8/14/2017     M         133334      (4) 10/7/2017   Common Stock   133334.0   $0   0   D    

Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.50 to $23.14, 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 the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
(2)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.50 to $22.72, inclusive.
(3)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.79 to $23.25, inclusive.
(4)  The stock options, which expire on October 7, 2017, vested in three equal installments on October 7, 2003, 2004 and 2005.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MEZGER JEFFREY T
C/O KB HOME, 10990 WILSHIRE BOULEVARD
7TH FLOOR
LOS ANGELES, CA 90024
X
President and CEO

Signatures
Tony Richelieu, Attorney-in-Fact for Jeffrey T. Mezger 8/14/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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