X0202 4 2007-07-12 0 0000795266 KB HOME KBH 0001063459 BARNARD GLEN C/O KB HOME 10990 WILSHIRE BOULEVARD, #700 LOS ANGELES CA 90024 0 1 0 0 SVP, KB Nxt Group Phantom Share 2007-07-12 4 A 0 6908 0 A 2010-07-11 2010-07-11 Common Stock 6908 6908 D Stock Appreciation Rights 36.19 2007-07-12 4 A 0 21385 0 A 2017-07-11 Common Stock 21385 21385 D Each Phantom Share is the economic equivalent of one share of KB Home common stock and, subject to the achievement of a performance goal, vests in full three years after date of grant. At vesting, each Phantom Share will be paid out in cash. Subject to the achievement of a performance goal, the Stock Appreciation Rights vest in three annual installments beginning on July 11, 2008, and will be paid out in cash. /s/ Tony Richelieu, Attorney in Fact for Glen Barnard 2007-07-16