Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January 24, 2013, the Management Development and Compensation Committee of the Board of Directors (the "Board") of KB Home (the "Company") determined the amount of incentive compensation payable to each of the Company's eligible executive officers under the Company's 2012 fiscal year annual incentive compensation program, with the amount payable to the President and Chief Executive Officer also approved by the Board. The final annual incentive amounts for the Company's named executive officers are set forth in the table below.

Name Annual Incentive Amount William R. Hollinger $ 300,000 Jeff J. Kaminski $ 450,000 Jeffrey T. Mezger $ 1,250,000 Albert Z. Praw $ 400,000 Brian J. Woram $ 400,000

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