SEC Form 4 · accession 0000795266-18-000073
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
Aug 14, 2018
Accepted (ET)
Aug 16, 2018 · 5:03 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 14, 2018 | M | 100,000 | $19.90 | A | 861,287 | D | |
| Common StockF1 | Aug 14, 2018 | S | 100,000 | $23.56 | D | 761,287 | D | |
| Common Stock | Aug 15, 2018 | M | 125,000 | $19.90 | A | 886,287 | D | |
| Common StockF2 | Aug 15, 2018 | S | 125,000 | $23.13 | D | 761,287 | D | |
| Common Stock | Aug 16, 2018 | M | 47,818 | $19.90 | A | 809,105 | D | |
| Common StockF3 | Aug 16, 2018 | S | 47,818 | $23.69 | D | 761,287 | 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)F4 | $19.90 | Aug 14, 2018 | M | 100,000 | D | — | Oct 2, 2018 | Common Stock | 100,000 | 172,818 | D |
| Non-Qualified Stock Options (Right to Buy)F4 | $19.90 | Aug 15, 2018 | M | 125,000 | D | — | Oct 2, 2018 | Common Stock | 125,000 | 47,818 | D |
| Non-Qualified Stock Options (Right to Buy)F4 | $19.90 | Aug 16, 2018 | M | 47,818 | D | — | Oct 2, 2018 | Common Stock | 47,818 | 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 $23.41 to $23.78, 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 $23.00 to $23.29, inclusive.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.51 to $23.90, inclusive.
- F4The stock options were granted to the reporting person on August 13, 2010 in connection with an exchange offer to replace an equal number of canceled cash-settled stock appreciation rights (SARs) that were granted to the reporting person on October 2, 2008. The stock options have the same term, vesting schedule (three equal annual installments beginning on October 2, 2009), and exercise price as the canceled SARs.