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FORM 4 OMB APPROVAL
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OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response.......0.5
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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
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<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 ---- ---
10990 Wilshire Boulevard, Suite 800 Number of Reporting Month/Year X Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) ---- title --- below)
(Street) ------------------ below)
Los Angeles, CA 90024 5. If Amendment, Sr. Vice President
- --------------------------------------------- Date of Original --------------------------------
(City) (State) (Zip) (Month/Year)
July 1999 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)
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Common Stock $1.00 Par Value (1) M(1) 14,334 A(1)
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Common Stock $1.00 Par Value (1) S(1) 12,440 D(1) $21.9484 10,342 D
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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response) (8/96)
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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)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stk. Options Common
(right to buy) $12.880 (1) M(1) 1,500 (2) 1/25/10 Stock 1,500
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Employee Stk. Options Common
(right to buy) $14.560 (1) M(1) 4,500 (2) 1/24/11 Stock 4,500
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Employee Stk. Options Common
(right to buy) $14.130 (1) M(1) 5,000 (3) 1/19/12 Stock 5,000
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Employee Stk. Options Common
(right to buy) $21.590 (1) M(1) 3,334 (3) 12/4/12 Stock 3,334
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Employee Stk. Options Common
(right to buy) $21.9484 7/30/99 A(4) V 12,440 7/30/99 7/29/14 Stock 12,440
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) 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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Employee Stk. Options 1,500 D
(right to buy)
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Employee Stk. Options 3,000 D
(right to buy)
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Employee Stk. Options 2,500 D
(right to buy)
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Employee Stk. Options 6,666 D
(right to buy)
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Employee Stk. Options 12,440 D
(right to buy)
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Explanation of Responses:
Please see attached continuation sheet.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ KIMBERLY N. KING 8/10/99
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Kimberly N. King
Attorney-in-Fact for
Barton P. Pachino
Note. File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. (8/96)
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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
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<S> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol
Pachino, Barton P. Kaufman and Broad Home Corporation (KBH)
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(Last) (First) (Middle) 4. Statement for Month/Year
10990 Wilshire Boulevard., Suite 800 July 1999
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(Street)
Los Angeles, CA 90024
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(City) (State) (Zip)
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EXPLANATION OF RESPONSES (continued):
(1) Broker-assisted exercise/sale pursuant to registrant's Executive Stock Ownership Policy which requires
reporting person within the next 2 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
August 10, 1999 press release). Exercise/sale occurred over 9 trading days in July 1999 (July 20, 21, 22,
23, 26, 27, 28, 29 and 30). Shares were sold solely to cover tax liability and exercise prices; sales price
is a blended average sales price.
(2) Options vest(ed) in 20% increments each year on the anniversary of date of grant, with full vesting
occurring on the fifth (5th) anniversary of the date of grant.
(3) 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 the date of grant.
(4) Fair market value replacement options awarded under issuer's 1988 Employee Stock Plan in accord with
registrant's Executive Stock Ownership Policy. Number of options awarded is limited to shares sold to
pay tax liability and exercise prices.
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