SEC Form 4 · accession 0000795266-16-000104
KB HOME · KBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey T Mezger
Officer — President and CEO · Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000795266
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 12, 2016 | A | 251,617 | $0.00 | A | 628,010 | D | |
| Common StockF2 | Feb 12, 2016 | F | 131,294 | $10.21 | D | 496,716 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were awarded to the reporting person on November 8, 2012. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of average return on equity and revenue growth (relative to a peer group) over the three-year period of December 1, 2012 to November 30, 2015, per the terms of the PSUs.
- F2Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.