Thomas W. Gilligan - Oct 13, 2021 Form 4 Insider Report for KB HOME (KBH)

Role
Director
Signature
Tony Richelieu, Attorney-in-Fact for Thomas W. Gilligan
Stock symbol
KBH
Transactions as of
Oct 13, 2021
Transactions value $
-$1,426,148
Form type
4
Date filed
10/15/2021, 04:41 PM
Previous filing
May 20, 2021
Next filing
Oct 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KBH Common Stock Options Exercise $104K +10.5K +17.49% $9.89* 70.5K Oct 13, 2021 Direct
transaction KBH Common Stock Disposed to Issuer -$162K -4.14K -5.87% $39.13 66.4K Oct 13, 2021 Direct F1
transaction KBH Common Stock Options Exercise $150K +7.24K +10.91% $20.70 73.6K Oct 13, 2021 Direct
transaction KBH Common Stock Disposed to Issuer -$112K -2.86K -3.88% $39.13 70.7K Oct 13, 2021 Direct F1
transaction KBH Common Stock Options Exercise $161K +9.16K +12.94% $17.60 79.9K Oct 13, 2021 Direct
transaction KBH Common Stock Disposed to Issuer -$141K -3.61K -4.52% $39.13 76.3K Oct 13, 2021 Direct F1
transaction KBH Common Stock Sale -$1.43M -35.2K -46.17% $40.49 41.1K Oct 14, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KBH Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -10.5K -100% $0.00* 0 Oct 13, 2021 Common Stock 10.5K $9.89 Direct
transaction KBH Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -7.24K -100% $0.00* 0 Oct 13, 2021 Common Stock 7.24K $20.70 Direct
transaction KBH Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -9.16K -100% $0.00* 0 Oct 13, 2021 Common Stock 9.16K $17.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on the reporting person's election, the reporting person received shares of the issuer's common stock equal in value to the positive difference between each exercised stock option's exercise price and the closing price of the issuer's common stock on the date of exercise. Accordingly, each exercised stock option was settled in a manner similar to a stock appreciation right. No shares of the issuer's common stock were sold in these transactions.