SEC Form 4 · accession 0000795266-17-000065
KB HOME · KBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Hollinger
Officer — SVP & Chief Accounting Officer
Period of report
Aug 9, 2017
Accepted (ET)
Aug 11, 2017 · 4:46 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 | Aug 9, 2017 | M | 60,000 | $21.51 | A | 214,306 | D | |
| Common StockF1,F2 | Aug 9, 2017 | S | 57,405 | $23.19 | D | 156,901 | 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)F3 | $21.51 | Aug 9, 2017 | M | 60,000 | D | — | Oct 7, 2017 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1These shares were sold by the reporting person solely to cover the costs and tax withholding obligations arising from the exercise of stock options reported on 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 $23.09 to $23.32, 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.
- F3The stock options, which expire on October 7, 2017, vested in three equal installments on October 7, 2003, 2004 and 2005.