SEC Form 4 · accession 0000795266-18-000077
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
Oct 1, 2018
Accepted (ET)
Oct 2, 2018 · 5:02 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 1, 2018 | M | 79,564 | $19.90 | A | 234,539 | D | |
| Common StockF1 | Oct 1, 2018 | S | 79,564 | $23.96 | D | 154,975 | 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)F2 | $19.90 | Oct 1, 2018 | M | 79,564 | D | — | Oct 2, 2018 | Common Stock | 79,564 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2018 and in multiple transactions at prices ranging from $23.78 to $24.18, 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.
- F2The stock options, which expire on October 2, 2018, 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.