KB Home : Amendment to Initial Statement of Beneficial Ownership (Form 3/A)
December 03, 2021 at 04:52 pm EST
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Ownership Submission
FORM 3/A
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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(**)
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(1)
This amended Form 3 is being filed solely to include 15,155 shares of restricted common stock that were omitted from the original Form 3 report. On October 25, 2021, 8,061 of these shares vested. Of the remaining 7,094 restricted shares, 4,806 are scheduled to vest on October 25, 2022, and 2,288 are scheduled to vest on October 25, 2023.
(2)
The stock option vested in three equal installments on October 9, 2015, 2016 and 2017.
(3)
The stock option vested in three equal installments on October 8, 2016, 2017 and 2018.
(4)
The stock option vested in three equal installments on October 6, 2017, 2018 and 2019.
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KB Home published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 21:51:10 UTC.
KB Home is a homebuilding company. The Company's segments include homebuilding and financial services. The homebuilding segment is engaged in the acquisition and development of land primarily for residential purposes. The Company builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed for first-time and first move-up, as well as second move-up and active adult, homebuyers. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects. The financial services segment offers various insurance products to its homebuyers in the markets where the Company builds homes and provides title services in certain of those markets. Its financial services also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the Company and a third party.