1 ------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------ FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL ------ ------------------------------ 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) --------------------------------------------------------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) PACHINO, BARTON 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, SVP, GENERAL COUNSEL ------------------------------------------ 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 --------------------------------------------------------------------------------------------------------------------------------- TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED --------------------------------------------------------------------------------------------------------------------------------- 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) --------------------------------------------------------------------------------------------------------------------------------- COMMON STOCK 02/19/01 M 6,666 A $21.59000 D (1) --------------------------------------------------------------------------------------------------------------------------------- COMMON STOCK 02/19/01 M 6,667 A $22.44000 D (1) --------------------------------------------------------------------------------------------------------------------------------- COMMON STOCK 02/19/01 S 11,000 D $33.55700 19,463 D (1) --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- 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.

3 Pachino, Barton KB HOMES (KBH) Page 3 of 3 pages 10990 Wilshire Blvd. February 2001 Los Angeles,CA 90024 (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 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.

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