KB Home (KBH) Form 4 KB HOME / MELISSA LORA ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LORA MELISSA

(Last) (First) (Middle)

C/O KB HOME

10990 WILSHIRE BOULEVARD, 7TH FLOOR

(Street)

LOS ANGELES CA 90024

(City) (State) (Zip)

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
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/13/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	10/13/2021		M		11,220	A	$28.51	191,839	D
Common Stock	10/13/2021		D		5,011	D	$39.13	186,828(1)	D
Common Stock	10/13/2021		M		16,458	A	$8.46	203,286	D
Common Stock	10/13/2021		D		7,349	D	$39.13	195,937(1)	D
Common Stock	10/13/2021		M		7,241	A	$20.7	203,178	D
Common Stock	10/13/2021		D		3,234	D	$39.13	199,944(1)	D
Common Stock	10/13/2021		M		9,157	A	$17.6	209,101	D
Common Stock	10/13/2021		D		4,089	D	$39.13	205,012(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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-Qualified Stock Option (Right to Buy)	$28.51	10/13/2021		M			11,220	04/03/2008	04/03/2023	Common Stock	11,220	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$8.46	10/13/2021		M			16,458	04/12/2013	04/12/2022	Common Stock	16,458	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$20.7	10/13/2021		M			7,241	04/04/2014	04/04/2023	Common Stock	7,241	$0	0	D
Non-Qualified Stock Option (Right to Buy)	$17.6	10/13/2021		M			9,157	04/03/2015	04/03/2024	Common Stock	9,157	$0	0	D

Explanation of Responses:

1. 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.

Remarks:

	Tony Richelieu, Attorney-in-Fact for Melissa Lora	10/15/2021
	** 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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