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------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
[ ] Check this box if no Expires: December 31, 2001
longer subject to Filed pursuant to Section 16(a) of the Securities Estimated average burden
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the hours per response.........0.5
or Form 5 obligations Public Utility Holding Company Act of 1935 ------------------------------
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
MEZGER, JEFFREY KB HOME (KBH) to Issuer (Check all applicable)
------------------------------------------ ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- ---
10990 WILSHIRE BLVD. Number of Reporting Month/Year X Officer Other (specify
------------------------------------------ Person, if an entity FEBRUARY 2001 ---- --- below)
(Street) (Voluntary) ------------------- (give title below)
LOS ANGELES, CA 90024 5. If Amendment, CHIEF OPERATING OFFICER
------------------------------------------ Date of Original -----------------------------------
(City) (State) (Zip) (Month/Year)
7. 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 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities Form: Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Direct Beneficial
(Instr. 8) Owned at (D) or Ownership
(Month/ End of Month Indirect (Instr. 4)
Day/ --------------------------------------- (Instr. 3 and 4) (I)
Year) Code V Amount (A) or Price (Instr. 4)
(D)
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COMMON STOCK 02/23/01 M 25,000 A $21.59000 D
(1)
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COMMON STOCK 02/23/01 M 20,000 A $22.44000 D
(1)
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COMMON STOCK 02/23/01 S 41,690 D $25.98270 17,183 D
(1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly Page 1 of 3 pages (Over)
or indirectly. SEC 1474 (3/99)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB control number.
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) (Instr. Year) ity
Security 3, 4, and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Non-Qualified Stock $21.59000 02/23/01 M(1) 25,000 12/05/00 12/04/12 Common 25,000
Option (Right to Buy) Stock
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Non-Qualified Stock $22.44000 02/23/01 M(1) 20,000 12/01/00 11/30/13 Common 20,000
Option (Right to Buy) Stock
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Non-Qualified Stock $25.98270 023/0101 A(2) V 41,690 02/23/01 02/23/16 Common 41,690
Option (Right to Buy) Stock
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9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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0 D
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10,000 D
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41,690 D
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Explanation of Responses:
See continuation page(s) for footnotes
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ KIMBERLY N. KING 3/8/01
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. By: Kimberly N. King Attorney in Fact
If space is insufficient, see Instruction 6 for procedure. For: Jeffrey Mezger
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently Page 2 of 3 pages Page 2
valid OMB Number. SEC 1474 (3-99)
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Mezger, Jeffrey
10990 Wilshire Blvd. KB HOME (KBH) Page 3 of 3 pages
Los Angeles, CA 90024 February 2001
(1) Broker-assisted exercise/sale pursuant to registrant's Executive Stock
Ownership Policy which requires reporting person to own shares of common
stock with a value equal to twice (2x) his annual salary, and to maintain
such share ownership throughout his employment. Shares were sold solely to
cover tax liability upon exercise and exercise price.
(2) Fair market value replacement options awarded under the 1998 Employee Stock
Plan in accord with registrant's Executive Stock Ownership Policy. Number
of options awarded is limited to number of shares sold to pay tax liability
and exercise prices.