SEC Form 4 · accession 0000795266-17-000083
KB HOME · KBH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert Z Praw
Officer — EVP, Real Estate & Bus. Dev.
Period of report
Oct 9, 2017
Accepted (ET)
Oct 11, 2017 · 4:57 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 | Oct 9, 2017 | M | 150,000 | $6.32 | A | 266,182 | D | |
| Common StockF1 | Oct 9, 2017 | S | 150,000 | $25.85 | D | 116,182 | D | |
| Common StockF2 | Oct 9, 2017 | F | 8,298 | $26.32 | D | 107,884 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Options (Right to Buy)F3 | $6.32 | Oct 9, 2017 | M | 150,000 | D | — | Oct 6, 2021 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 for the sale transaction is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.64 to $26.16, 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.
- F2Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the vesting of a previous grant of restricted shares.
- F3The stock options vested in three equal installments on October 6, 2012, 2013 and 2014.