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Ticker: KBH CUSIP: 48666K109 Class: COM

ALPINE WOODS CAPITAL INVESTORS, LLC's Holding History (CIK: 0001226886)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 100,000 Value ($000) $1,428 Avg Close $10.38 Range $8.03 - $12.83

Q4 2015

Shares 200,000 Value ($000) $2,466 Avg Close $11.95 Range $10.71 - $13.40

Q3 2015

Shares 100,000 Value ($000) $1,355 Avg Close $13.52 Range $11.55 - $15.17

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	100,000	$1,428	$10.38	$8.03 - $12.83
Q4 2015	200,000	$2,466	$11.95	$10.71 - $13.40
Q3 2015	100,000	$1,355	$13.52	$11.55 - $15.17