Sec Form 4 Filing - ERNST MARK A @ H&R BLOCK INC - 2007-10-19

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

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1. Name and Address of Reporting Person ERNST MARK A 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 X __ Officer (give title below) _____ Other (specify below) Chairman, President and CEO (Last) (First) (Middle) ONE H&R BLOCK WAY 3. Date of Earliest Transaction (MM/DD/YY) 10/19/2007 (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 10/19/2007 M 29,904 ( 1 ) A $ 10.0313 306,484.2375 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 $ 10.0313 10/19/2007 M 29,904 ( 1 ) 09/01/1999 09/01/2008 Common Stock, without par value 29,904 $ 0 570,096 D Call Option to Purchase $ 12.5 06/30/2002 06/30/2009 Common Stock, without par value 240,000 240,000 D Call Option to Purchase $ 8.0938 06/30/2003 06/30/2010 Common Stock, without par value 300,000 300,000 D Call Option to Purchase $ 16.1375 06/30/2004 06/30/2011 Common Stock, without par value 360,000 360,000 D Call Option to Purchase $ 23.075 06/30/2004 06/30/2012 Common Stock, without par value 240,000 240,000 D Call Option to Purchase $ 21.625 06/30/2004 06/30/2013 Common Stock, without par value 220,000 220,000 D Call Option to Purchase $ 23.84 06/30/2005 06/30/2014 Common Stock, without par value 220,000 220,000 D Call Option to Purchase $ 29.175 06/30/2006 06/30/2015 Common Stock, without par value 260,000 260,000 D Call Option to Purchase $ 23.86 06/30/2007 06/30/2016 Common Stock, without par value 376,885 376,885 D Call Option to Purchase $ 23.37 06/30/2008( 2 ) 06/30/2017 Common Stock, without par value 425,000 425,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ERNST MARK A ONE H&R BLOCK WAY KANSAS CITY, MO64105 X Chairman, President and CEO Signatures By: Andrew J. Somora per Power of Attorney 10/19/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The transaction was executed pursuant to a 10b5-1 pre-arranged trading program, entered into effective July 2, 2007. ( 2 )Options vest in three equal annual installments beginning on the first anniversary of the date of grant.

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).

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