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.

FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 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) ----------------------------------- Date Expira- Amount or -------------------------- Exer- tion Title Number of Code V (A) (D) cisable Date Shares ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock $421.~~75000~~59000 122/19/0001 M(1) ~~242~~6,~~900~~666 0712/2405/9300 0712/244/0312 Common ~~242~~6,~~900~~666 Option (~~right~~Right to ~~buy~~Buy) ~~(1)~~ Stock ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock $422.~~75000~~44000 122/2019/0001 M(1) 966,~~900~~667 0712/241/9300 0712/241/0313 Common 966,~~900~~667 Option (~~right~~Right to ~~buy~~Buy) ~~(1)~~ Stock ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock $433.~~75000~~55700 122/2619/0001 MA(2) ~~319~~V 11,~~472~~100 072/2419/9316 072/2419/0316 Common ~~319~~11,~~472~~100 Option (~~right~~Right to ~~buy~~Buy) ~~(1)~~ Stock ------------------------------------------------------------------------------------------------------------------------------------ ~~Non~~-~~Qualified~~----------------------------------------------------------------------------------------------------------------------------------- ~~Stock $4.75000 12/27/00 M 108,000 07/24/93 07/24/03 Common 108,000 Option (right to buy) (1) Stock~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~Non~~-~~Qualified~~----------------------------------------------------------------------------------------------------------------------------------- ~~Stock $4.75000 12/28/00 M 42,000 7/24/93 07/24/03 Common 42,900 Option (right to buy) (1) Stock~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 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) -------------------------------------------------------------------------- 0 D -------------------------------------------------------------------------- 3,333 D -------------------------------------------------------------------------- 11,100 D -------------------------------------------------------------------------- D -------------------------------------------------------------------------- ~~0 D~~ -------------------------------------------------------------------------- -------------------------------------------------------------------------- Explanation of Responses: See continuation page(s) for footnotes **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ ~~Kimberly~~KIMBERLY N. ~~King~~KING 13/47/01 See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- ------- **Signature of Reporting Person Date ~~By: Kimberly N. King, Attorney in Fact For: Bruce Karatz~~ Note: File three copies of this Form, one of which must be manually signed. By: Kimberly N. King Attorney in Fact If space ~~provided~~ is insufficient, see Instruction 6 for procedure. For: Barton P. Pachino 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~~Page ~~OMB~~2 Number Karatz, Bruce Kaufman and Broad Home Corporation (KBH) 10990 Wilshire Blvd. December 2000 Los Angeles, CA 90024 (1) The transactions reported were executed by the reporting person in connection with the settlement of ~~his~~3 ~~marital~~pages ~~dissolution.~~ Page 2 ofvalid 2OMB Number. SEC 1474 (3-99)

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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