Sec Form 4 Filing - ECTON DONNA R @ H&R BLOCK INC - 2007-06-30

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
ECTON DONNA R
2. Issuer Name and Ticker or Trading Symbol
H&R BLOCK INC [ HRB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
ONE H&R BLOCK WAY
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2007
(Street)
KANSAS CITY, MO64105
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, without par value 07/02/2007 A( 1 ) 29 A $ 23.17 31,238.9874 ( 2 ) D
Phantom Stock ( 3 ) 07/02/2007 A( 4 ) 3.136 A $ 23.13 551.862 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Call Option to Purchase $ 23.37 06/30/2007 A 8,000 06/30/2007 06/30/2017 Common Stock, without par value 8,000 $ 0 8,000 D
Call Option to Purchase $ 10.5313 06/30/1999 06/30/2008 Common Stock, without par value 8,000 8,000 D
Call Option to Purchase $ 12.5 06/30/2000 06/30/2009 Common Stock, without par value 12,000 12,000 D
Call Option to Purchase $ 8.0938 06/30/2001 06/30/2010 Common Stock, without par value 12,000 12,000 D
Call Option to Purchase $ 16.1375 06/30/2002 06/30/2011 Common Stock, without par value 12,000 12,000 D
Call Option to Purchase $ 23.075 06/30/2003 06/30/2012 Common Stock, without par value 8,000 8,000 D
Call Option to Purchase $ 21.625 06/30/2004 06/30/2013 Common Stock, without par value 8,000 8,000 D
Call Option to Purchase $ 23.84 06/30/2004 06/30/2014 Common Stock, without par value 8,000 8,000 D
Call Option to Purchase $ 29.175 06/30/2005 06/30/2015 Common Stock, without par value 8,000 8,000 D
Call Option to Purchase $ 23.86 06/30/2006 06/30/2016 Common Stock, without par value 8,000 8,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ECTON DONNA R
ONE H&R BLOCK WAY
KANSAS CITY, MO64105
X
Signatures
By: Andrew J. Somora per Power of Attorney 07/03/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Units for dividends paid under the H&R Block Stock Plan for Non-Employee Directors. Each unit has the value of one share of Common Stock.
( 2 )Balance has been adjusted to separately report all units held in deferred compensation plan accounts as phantom stock.
( 3 )Shares of stock units are held in the H&R Block Deferred Compensation Plan for Executives or the H&R Block Deferred Compensation Plan for Directors.
( 4 )Units acquired through dividend reinvestment under the H&R Block Deferred Compensation Plan for Directors. Each unit has the value of one share of Common Stock.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information conta ined in this form are not required to respond unless the form displays a currently valid OMB Number.