KB Home Schedule 13G
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934

 

KB HOME
(Name of Issuer)

 

COMMON STOCK
(Title of Class of Securities)

 

48666K109
(CUSIP Number)

 

December 31, 2003
(Date of Event Which Requires Filing of this Statement)

      Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     
  [   ] Rule 13d-1(b)
  [   ] Rule 13d-1(c)
  [X] Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided in a prior cover page.

The information required in the remainder of this coverage page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Page 1 of 6 Pages

 

 

         
CUSIP No. 48666K109 13G Page 2 of 6 Pages
                 
1   Names of Reporting Persons or I.R.S. Identification Nos. of Above Persons (entities only)

Bruce Karatz
2   Check the Appropriate Box if a Member of a Group   (a) [   ]
        (b) [   ]
3   SEC Use Only


4   Citizenship or Place of Organization

USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

5 Sole Voting Power

2,880,786
6 Shared Voting Power

0
7 Sole Dispositive Power

2,218,186
8 Shared Dispositive Power

0
9   Aggregate Amount Beneficially Owned by Each Reporting Person

2,880,786
10

Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares

[   ]
11 Percent of Class Represented by Amount in Row 9

5.92%
12 Type of Reporting Person

IN

 

         
CUSIP No. 48666K109 13G Page 3 of 6 Pages
 
     
Item 1(a): Name of Issuer
 
KB HOME
 
Item 1(b): Address of Issuer’s Principal Executive Offices
 
10990 Wilshire Boulevard
Los Angeles, California 90024
 
Item 2(a): Name of Person Filing
 
Bruce Karatz
 
Item 2(b): Address of Principal Business Office
 
10990 Wilshire Boulevard
Los Angeles, California 90024
 
Item 2(c): Citizenship
 
USA
 
Item 2(d): Title of Class of Securities
 
Common Stock
 
Item 2(e): CUSIP Number
 
48666K109
 
Item 3: This statement is not filed pursuant to Rules 13d-1(b) or 13d-2, and therefore this item is not applicable.
 
Item 4: Ownership

(a) Amount Beneficially Owned:

     2,880,786

 
(b)  Percent of Class

5.92%

 

 

CUSIP No. 48666K109 13G Page 4 of 6 Pages
 
Number of Shares as to Which Such Person Has:

(i) Sole power to vote or direct the vote:

     2,880,786

 
(ii) Shared power to vote or direct the vote

     -0-

 
(iii) Sole power to dispose or to direct the disposition of:

     2,218,186

 
(iv) Shared power to dispose or to direct the disposition of:

     -0-

     
Item 5: Ownership of Five Percent or Less of a Class

     Not applicable.

 
Item 6: Ownership of Not More Than Five Percent on Behalf of Another Person
 
     Not applicable.
   
Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company
 
     Not applicable.
   
Item 8: Identification and Classification of Members of the Group
 
     Not applicable.
   
Item 9: Notice of Dissolution of Group
 
     Not applicable.
   
Item 10: Certification
 
     Not applicable.

 

 

         
CUSIP No. 48666K109 13G Page 5 of 6 Pages
 

SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct.

 

Date: February 17, 2004 By /s/ Bruce Karatz
  Bruce Karatz

 

 

         
    Page 6 of 6 Pages
 

*  SCHEDULE 13G — TO BE INCLUDED IN STATEMENT PURSUANT TO 13d-1(d)

Reporting person is the Chairman and Chief Executive Officer of the issuer. Of the shares reported, 913,308 are held in the Bruce E. Karatz Revocable Trust dated May 22, 2000 (the “Trust”). The reporting person is the sole trustee and sole beneficiary of the Trust and has sole voting power over all shares held in the Trust. He has sole dispositive power over 250,708 shares in the Trust, and no dispositive power over 662,600 shares, as they are restricted shares granted under employee stock incentive plans that are subject to certain vesting periods. Of the shares reported, 1,967,478 are subject to exercisable options granted under employee stock incentive plans as to which the reporting person has sole dispositive and voting power.