UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
KAUFMAN AND BROAD HOME CORPORATION
(Name of Issuer)
COMMON STOCK, $1.00 Par Value
(Title of Class of Securities)
486168 10 7
(CUSIP Number)
SUSAN L. HARRIS
VICE PRESIDENT, GENERAL COUNSEL
1 SUNAMERICA CENTER, LOS ANGELES, CA 90067 (310) 772-6000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 1, 1995
(Date of Event which Required Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*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
disclosures provided in a prior cover page.
The information required on the remainder of this cover 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>
SCHEDULE 13D
CUSIP No. 486168 10 7 Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eli Broad (SSN: ###-##-####)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP* (a) / /
(b) / /
Not Applicable
3. SEC USE ONLY
4. SOURCE OF FUNDS*
Not Applicable
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
Not Applicable
6. CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.A.
7. SOLE VOTING POWER
NUMBERS OF 964,819
SHARES 8. SHARED VOTING POWER
1,419,038
BENEFICIALLY
OWNED BY 9. SOLE DISPOSITIVE POWER
964,819
EACH
10. SHARED DISPOSITIVE POWER
REPORTING 1,419,038
PERSON
WITH
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,043,874 (includes 660,017 shares held by a trust formed by the
Reporting Person as to which he has no voting or dispositive power).
12. CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
Not Applicable
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.40%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND
THE SIGNATURE ATTESTATION.
<PAGE>
Page 3 of 6 Pages
SCHEDULE 13D
AMENDMENT NO. 4
KAUFMAN AND BROAD HOME CORPORATION
This Amendment is filed on behalf of Eli Broad (the "Reporting
Person").
The undersigned hereby amends and restates the amended Schedule 13D
filed on January 15, 1992, relating to the Common Stock ($1.00 par value) of
Kaufman and Broad Home Corporation ("Issuer") in its entirety. The Issuer's
principal executive offices are located at 10990 Wilshire Boulevard, Los
Angeles, California 90024. Unless otherwise indicated in this Amendment, all
terms referred to herein shall have the same meanings as used or defined in the
Schedule 13D.
ITEM 2 - IDENTITY AND BACKGROUND.
(a) Name: Eli Broad
(b) Business Address: 1 SunAmerica Center
Los Angeles, California 90067
(c) Present Principal Occupation or Employment:
Chairman of the Board and Chief Executive Officer
of SunAmerica Inc., and Founder and Director of Kaufman
and Home Corporation.
(d) None
(e) None
(f) U.S.A.
ITEM 3 - SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On March 7, 1989, SunAmerica Inc. (previously known as "Broad
Inc.," and prior to that, as "Kaufman and Broad, Inc.") distributed
to holders of its common and Class B stock substantially all of the
shares of its majority owned subsidiary, the Issuer (the
"Distribution"). On March 7, 1989 the Reporting Person held
446,912 shares of SunAmerica Inc. common stock and 5,706,003 shares
of SunAmerica Inc. Class B stock. Pursuant to the Distribution,
the Reporting Person received 4,512,254 shares of the Issuer's
common stock.
Additionally, 243,055 shares of common stock of the Issuer were
issued to the Reporting Person upon the exchange of Kaufman and
Broad, Inc. 7-1/2% Exchangeable Debentures which were acquired at
par.
Page 4 of 6 Pages
ITEM 4 - PURPOSE OF TRANSACTION.
The Reporting Person gave 140,000 shares of common stock of the
Issuer as a gift in December 1994. On March 1, 1995, such shares
were sold by the Eli Broad Family Foundation in the open market at
$14.7121 per share. The purpose of the sale was to provide
operating capital to the Eli Broad Family Foundation.
The Reporting Person may, subject to market and other conditions,
purchase additional shares of the Issuer, dispose of some or all
of his shares, or consider the possibility of any such plan or
proposal from time to time in amounts not yet determined. The
Reporting Person does not have any plans or proposals with respect
to the matters set forth in (a) through (j) of Item 4 of Schedule
13D.
ITEM 5 - INTEREST AND SECURITIES OF THE ISSUER.
(a) The Reporting Person beneficially owns 3,043,874 shares of
common stock which represents 9.40% of the outstanding shares
(based upon 32,382,317 shares of common stock outstanding as
of March 1, 1995).
(b) Of these 3,043,874 shares of common stock beneficially owned,
660,017 shares of common stock are held by two trusts formed
by the Reporting Person of which he is a beneficiary but has
no voting or dispositive powers; 1,419,038 shares of common
stock are registered in the name of a corporation, of which
73% is owned directly and indirectly by the Reporting Person
and of which the Reporting Person is a director and has
shared voting and dispositive powers with one other director,
Jeffrey Broad. The following is supplied as to Jeffrey Broad:
(i) Jeffrey Broad
(ii) 3177 Padaro Lane
Carpinteria, California 93013
(iii) Investor
(iv) None
(v) None
(vi) U.S.A.
(c) The Reporting Person gave 140,000 shares of common stock of
the Issuer as a gift in December 1994. On March 1, 1995,
such shares were sold by the Eli Broad Family Foundation in
the open market at $14.7121 per share. The purpose of the
sale was to provide operating capital to the Eli Broad Family
Foundation.
Page 5 of 6 pages
(d) The corporation referred to in paragraph (b) of Item 5 above
has the right to receive dividends from, and the proceeds
from the sale of, such shares of the Issuer owned by it.
(e) Not applicable.
ITEM 6 - CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7 - MATERIAL TO BE FILED AS EXHIBITS.
None.
<PAGE>
Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is true,
complete and correct.
/s/ ELI BROAD
____________________________
Eli Broad
Date: March 3, 1995
