Statement of Changes in Beneficial Ownership (4)
November 06 2020 - 5:13PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MEZGER JEFFREY T |
2. Issuer Name and Ticker or Trading Symbol
KB HOME
[
KBH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
C/O KB HOME, 10990 WILSHIRE BOULEVARD, 7TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/4/2020 |
(Street)
LOS ANGELES, CA 90024
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/4/2020 | | M | | 190704 | A | $6.32 | 1178194 | D | |
Common Stock | 11/4/2020 | | S | | 190704 | D | $36.18 (1) | 987490 | D | |
Common Stock | 11/4/2020 | | M | | 67864 | A | $6.32 | 1055354 | D | |
Common Stock | 11/4/2020 | | S | | 40660 | D | $36.18 (1) | 1014694 | D | |
Common Stock | 11/4/2020 | | S | | 27204 | D | $36.59 (2) | 987490 | D | |
Common Stock | 11/5/2020 | | M | | 123531 | A | $6.32 | 1111021 | D | |
Common Stock | 11/5/2020 | | S | | 89403 | D | $36 (3) | 1021618 | D | |
Common Stock | 11/5/2020 | | S | | 34128 | D | $36.76 (4) | 987490 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Options (Right to Buy) | $6.32 | 11/4/2020 | | M | | | 190704 | (5) | 10/6/2021 | Common Stock | 190704.0 | $0 | 0 | D | |
Non-Qualified Stock Options (Right to Buy) | $6.32 | 11/4/2020 | | M | | | 67864 | (6) | 10/6/2021 | Common Stock | 67864.0 | $0 | 297136 | D | |
Non-Qualified Stock Options (Right to Buy) | $6.32 | 11/5/2020 | | M | | | 123531 | (6) | 10/6/2021 | Common Stock | 123531.0 | $0 | 173605 | D | |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.50 to $36.4975, 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 each range set forth in footnotes (1) through (4) to this Form 4. |
(2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $36.71, inclusive. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.50 to $36.495, inclusive. |
(4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $37.00, inclusive. |
(5) | The stock options vested in three equal annual installments beginning on October 6, 2012. |
(6) | One-third of this performance-based stock option, or 121,667 options, vested on January 24, 2013, upon the Board of Directors' determination that the performance condition was satisfied. The remaining two-thirds of the option, or 243,333 options, vested in two equal annual installments on October 6, 2014 and 2015. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MEZGER JEFFREY T C/O KB HOME, 10990 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES, CA 90024 | X |
| President and CEO |
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Signatures
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Tony Richelieu, Attorney-in-Fact for Jeffrey T. Mezger | | 11/6/2020 |
**Signature of Reporting Person | Date |
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