<PAGE> 1
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FORM 4
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
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
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Pachino, Barton P Kaufman and Broad Home Corporation (KBH) Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
1990 Wilshire Blvd., Suite 800 Number of Reporting Month/Year X Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) May 1998 ---- title --- below)
(Street) ------------------ below)
Los Angeles, California 90024 5. If Amendment, Senior Vice President
- --------------------------------------------- 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
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
Common Stock $1.00 Par Value 12/1/97 A V 700 A(1)
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Common Stock $1.00 Par Value 12/1/97 A V 3,409 A(2)
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Common Stock $1.00 Par Value 12/1/97 F V 1,456 D $21.875
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Common Stock $1.00 Par Value (3) M(3) 11,500 A(3)
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Common Stock $1.00 Par Value (3) S(3) 9,442 D(3) $23.7435 5,011 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the Form is filed by more than one reporting person, see Instruction 4(b)(v). (Over)
(Print or Type Response) (8/96)
Page 1 of 4
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<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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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 Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock Options Common
Right to Buy $21.59 12/5/97 A V 10,000 (5) 12/04/12 Stock 10,000
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" " $16.13 (3) M(3) 2,500 (6) 10/25/04 " 2,500
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" " $15.94 (3) M(3) 5,000 (6) 7/29/07 " 5,000
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" " $19.06 (3) M(3) 4,000 (6) 7/28/08 " 4,000
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" " $23.7435 05/28/98 A(4) V 9,442 5/28/98 5/27/13 " 9,442
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<S> <C> <C>
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)
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10,000 D
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-0- D
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-0- D
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1,000 D
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9,442 D
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ KIMBERLY N. KING 6/10/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Title: Attorney-in-Fact for
Barton P. Pachino
Note. File three copies of this form, one of which must be manually signed. Page 2 of 4
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (7/96)
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 Number.
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<PAGE> 3
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FORM 4
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(Continuation)
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
<TABLE>
<S> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol
Pachino Barton Kaufman and Broad Home Corporation (KBH)
- --------------------------------------------- ----------------------------------------------
(Last) (First) (Middle) 4. Statement for
Month/Year
10990 Wilshire Blvd. Suite 800
- --------------------------------------------- May 1998
(Street) -------------------
Los Angeles, California 90024
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(City) (State) (Zip)
- ---------------------------------------------
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EXPLANATION OF RESPONSES (CONTINUED)
(1) Common stock awarded as part of reporting person's 1997 performance-based
incentive compensation under registrant's 1988 Employee Stock Plan (the "1988
Plan"). The shares cannot be sold until first anniversary of date of grant.
(2) Payout of common stock under registrant's performance-based, multi-year
Unit Performance Program, administered under the 1988 Plan. The shares cannot
be sold until first anniversary of date of grant.
(3) Broker-assisted exercise/sale pursuant to registrant's Executive Stock
Ownership Policy which requires reporting person within next 3 years to own
shares of common stock with a value equal to his annual salary, and to maintain
such share ownership throughout his employment. (See registrant's 6/10/98 press
release.) Exercise/sale occurred over 4 trading days in May 1998 (5/22, 5/26,
5/27 and 5/28). Shares were sold solely to cover tax liability upon exercise and
exercise prices; sales price is blended average sales price.
Page 3 of 4
<PAGE> 4
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FORM 4
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(Continuation)
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol
Pachino Barton Kaufman and Broad Home Corporation (KBH)
- --------------------------------------------- ----------------------------------------------
(Last) (First) (Middle) 4. Statement for
Month/Year
10990 Wilshire Blvd., Suite 800
- --------------------------------------------- May 1998
(Street) -------------------
Los Angeles, California 90024
- ---------------------------------------------
(City) (State) (Zip)
- ---------------------------------------------
</TABLE>
EXPLANATION OF RESPONSES (CONTINUED)
(4) Fair market value replacement options awarded under the 1988 Plan in accord
with registrant's Executive Stock Ownership Policy. (See registrant's 6/10/98
press release.) Number of options awarded is limited to shares sold to pay tax
liability and exercise prices. (See footnote 3).
(5) Options vest(ed) in 33-1/3% increments each year on the anniversary of date
of grant, with full vesting occurring on the third (3rd) anniversary of date of
grant.
(6) Options vested in 20% increments each year on the anniversary of date of
grant.
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