SEC Form 4 · accession 0000795266-16-000147
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
Jul 25, 2016
Accepted (ET)
Jul 27, 2016 · 5:37 pm EDT
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 Stock | Jul 25, 2016 | M | 110,000 | $13.95 | A | 606,716 | D | |
| Common StockF1 | Jul 25, 2016 | S | 110,000 | $16.39 | D | 496,716 | D | |
| Common Stock | Jul 26, 2016 | M | 230,000 | $13.95 | A | 726,716 | D | |
| Common StockF2 | Jul 26, 2016 | S | 230,000 | $16.43 | D | 496,716 | D | |
| Common Stock | Jul 27, 2016 | M | 160,000 | $13.95 | A | 656,716 | D | |
| Common StockF3 | Jul 27, 2016 | S | 160,000 | $16.59 | D | 496,716 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualfied Stock Option (Right to Buy)F4 | $13.95 | Jul 25, 2016 | M | 110,000 | D | — | Oct 30, 2016 | Common Stock | 110,000 | 390,000 | D |
| Non-Qualfied Stock Option (Right to Buy)F4 | $13.95 | Jul 26, 2016 | M | 230,000 | D | — | Oct 30, 2016 | Common Stock | 230,000 | 160,000 | D |
| Non-Qualfied Stock Option (Right to Buy)F4 | $13.95 | Jul 27, 2016 | M | 160,000 | D | — | Oct 30, 2016 | Common Stock | 160,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.34 to $16.42, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.27 to $16.54, inclusive.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.39 to $16.75, inclusive.
- F4The stock options, which expire on October 30, 2016, vested in three equal installments on October 30, 2002, 2003 and 2004.