UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Filed by the Registrant þ

Filed by a Party other than the Registrant o

Check the appropriate box:

o		Preliminary Proxy Statement
o		Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o		Definitive Proxy Statement
þ		Definitive Additional Materials
o		Soliciting Material under Rule 14a-12

KB HOME

(Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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	(1)		Title of each class of securities to which transaction applies:
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	(3)		Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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	(5)		Total fee paid:

o		Fee paid previously with preliminary materials.
o		Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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	(4)		Date Filed:

     The definitive additional materials filed herewith include a stockholder letter, dated March 15, 2010, and an e-mail message sent to KB Home employees on the same date.

Stockholder Letter

March 15, 2010

Dear Stockholder:

     One of the items to be voted upon at KB Home’s Annual Meeting of Stockholders on April 1, 2010 is a proposal to approve the KB Home 2010 Equity Incentive Plan (the “Plan”).

     Section 12.4(d) of the Plan attached as an exhibit to the proxy statement for the Annual Meeting grants our Management Development and Compensation Committee (or another “Committee” designated pursuant to the Plan) the authority to determine the terms and conditions of any Award granted under the Plan, including, among other things, “any reload provision.”

     KB Home has no intention of granting any reload awards under the Plan, and the reservation of that authority is therefore not required. Accordingly, if the Plan is approved by stockholders at the Annual Meeting, the final Plan document will be revised to remove the words “any reload provision.”

Sincerely,

KB HOME

Employee Email

Subject Line: KB Home Annual Meeting — Your Vote is Important

KB Home Team:

As you may know, KB Home’s Annual Stockholders Meeting takes place on Thursday, April 1, 2010. If you own or have the right to vote shares of KB Home stock, you should have received a proxy statement for the Annual Meeting in the mail or electronically. You also should have received a proxy card or a voting instruction card (or cards) to vote on the matters that will be considered at the Annual Meeting.

For the reasons discussed in the proxy statement, I urge you to vote on the matters being considered at the Annual Meeting as follows:

	•		FOR the election of our directors (Proposal 1)
	•		FOR the ratification of our independent registered public accounting firm (Proposal 2)
	•		FOR the approval of the KB Home 2010 Equity Incentive Plan (Proposal 3)
	•		AGAINST Proposals 4, 5 and 6

You can vote by mailing your proxy card or voting instruction card (or cards) in the envelope(s) provided, or by telephone or through the Internet as shown on the card (or cards) you received.

To ensure your vote is counted, please vote as soon as possible. Remember, your vote is important!

If you have any questions about voting or the Annual Meeting, please contact our Corporate Secretary or our Assistant Corporate Secretary.