Filing Details

Accession Number:
0000795266-18-000021
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-02-15 17:32:40
Reporting Period:
2018-02-13
Accepted Time:
2018-02-15 17:32:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
795266 Kb Home KBH Operative Builders (1531) 953666267
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1375575 F Thomas Norton C/O Kb Home, 10990 Wilshire Boulevard
7Th Floor
Los Angeles CA 90024
Svp, Human Resources No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2018-02-13 47,179 $15.44 103,562 No 4 M Direct
Common Stock Disposition 2018-02-13 47,179 $30.32 56,383 No 4 S Direct
Common Stock Acquisiton 2018-02-14 9,234 $0.00 65,617 No 4 A Direct
Common Stock Disposition 2018-02-14 4,578 $31.28 61,039 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 A Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualfied Stock Option (Right to Buy) Disposition 2018-02-13 47,179 $0.00 47,179 $15.44
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2019-10-01 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.10 to $30.56, 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.
  2. Represents shares of common stock granted pursuant to the vesting of performance-based restricted stock units ("PSUs") that were initially awarded to the reporting person on October 9, 2014. The management development and compensation committee of the issuer's board of directors determined the number of vested shares based on the issuer's achieving certain levels of cumulative adjusted earnings per share, average adjusted return on invested capital, and revenue growth (relative to a peer group) over the three-year period of December 1, 2014 to November 30, 2017, per the terms of the PSUs.
  3. Disposition of common stock to the issuer solely to cover tax withholding obligations arising from the grant of common stock pursuant to the above-described vesting of PSUs.
  4. The stock options vested in three equal installments on October 1, 2010, 2011 and 2012.