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The following is an excerpt from a 10-K SEC Filing, filed by KB HOME on 2/10/2006.
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KB HOME - 10-K - 20060210 - SECURITY_OWNERS
Item 12.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
      The following table provides information as of November 30, 2005 with respect to shares of our common stock that may be issued under our existing compensation plans:
                           
Equity Compensation Plan Information
 
    Number of common
    shares remaining
    Number of       available for future
    common shares to       issuance under equity
    be issued upon   Weighted-average   compensation plans
    exercise of   exercise price of   (excluding common
    outstanding options,   outstanding options,   shares reflected in
    warrants and rights   warrants and rights   column(a))
Plan category   (a)   (b)   (c)
             
Equity compensation plans approved by stockholders
    6,532,968     $ 27.62       1,170,516  
Equity compensation plans not approved by stockholders(1)
    2,643,285       29.48       3,223,508  
                   
 
Total
    9,176,253     $ 28.16       4,394,024  
                   
 
(1)  Represents the 1999 Plan and the Non-Employee Directors Stock Plan.
1999 Plan
      In 1999, our board of directors approved the adoption of the 1999 Plan to provide incentives to our key employees. All our domestic employees, other than executive officers, are eligible to receive awards under the 1999 Plan. Awards under this plan are generally not restricted to any specific form or structure and may include, among other things, stock options, restricted stock, stock units, cash or stock bonuses and limited stock appreciation rights. The terms of the 1999 Plan are identical to the terms of our shareholder approved 2001 Plan in all material respects, except that our executive officers may not participate in the 1999 Plan.
      Awards may be conditioned on continued employment, have various vesting schedules and accelerated vesting and exercisability provisions in the event of, among other things, a “change in ownership” (as defined in the 1999 Plan). The 1999 Plan is administered by the Management Development and Compensation Committee of our board of directors.
      Originally, 2,000,000 shares of common stock were reserved and authorized for issuance under the 1999 Plan. An additional 2,000,000 shares (for an aggregate of 4,000,000 shares) were subsequently authorized for issuance under the 1999 Plan. Shares subject to a grant or award under the 1999 Plan which are not issued or delivered by reason of the failure to vest of a restricted stock award or the expiration, termination, cancellation or forfeiture of all or a portion of the exercise price or to satisfy tax withholding obligations upon the exercise of an option are again available for future grants and awards. As of November 30, 2005, 2,588,878 shares remained available for grant under the 1999 Plan. Options granted under the 1999 Plan have a purchase price equal to the fair market value of a share of common stock at the time of grant. All currently outstanding options vest, subject to continued employment, in three equal installments over a period of three years from the date of grant (subject to early vesting on a change in ownership, retirement and in certain other limited circumstances), and typically expire 15 years after the date of grant. Restricted shares granted under the 1999 Plan generally do not vest for a period of three years from the date of grant, subject to continued employment. No awards other than options and restricted stock have been made under the 1999 Plan.
Non-Employee Directors Stock Plan
      The Non-Employee Directors Stock Plan provides for grants of deferred common stock units or stock options to our non-employee directors. The terms of stock units and options granted under the Non-Employee Directors Stock Plan are described in our Proxy Statement for the 2006 Annual Meeting of Stockholders, which is incorporated herein. Although we will purchase shares of common stock on the open market to satisfy the payment of stock awards under the Non-Employee Directors Stock Plan, to date, all stock awards under the Non-Employee Directors Stock Plan have been settled in cash. As of November 30, 2005, 634,630 shares remained available for grant under the Non-Employee Directors Stock Plan. In December 2005, all current non-employee directors elected to receive payouts of all stock awards granted to them under the Non-Employee Director Stock Plan in cash.

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