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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-09-055016.txt : 20091203
<SEC-HEADER>0001181431-09-055016.hdr.sgml : 20091203
<ACCEPTANCE-DATETIME>20091203192816
ACCESSION NUMBER:		0001181431-09-055016
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091113
FILED AS OF DATE:		20091203
DATE AS OF CHANGE:		20091203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MOUTON KENT Y
		CENTRAL INDEX KEY:			0001076346

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33824
		FILM NUMBER:		091221588

	MAIL ADDRESS:	
		STREET 1:		C/O KENNEDY WILSON INC
		STREET 2:		9601 WILSHIRE BLVD STE 220
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kennedy-Wilson Holdings, Inc.
		CENTRAL INDEX KEY:			0001408100
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				260508760
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9701 WILSHIRE BLVD., SUITE 700
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210
		BUSINESS PHONE:		310-887-6400

	MAIL ADDRESS:	
		STREET 1:		9701 WILSHIRE BLVD., SUITE 700
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Prospect Acquisition Corp
		DATE OF NAME CHANGE:	20070727
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd257634.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-11-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001408100</issuerCik>
        <issuerName>Kennedy-Wilson Holdings, Inc.</issuerName>
        <issuerTradingSymbol>KWIC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001076346</rptOwnerCik>
            <rptOwnerName>MOUTON KENT Y</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O 9701 WILSHIRE BLVD., SUITE 700</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BEVERLY HILLS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90212</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-11-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>128630</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>128630</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">In connection with the merger (the &quot;Merger&quot;) of KW Merger Sub Corp., a wholly owned subsidiary of Prospect Acquisition Corp. (&quot;Prospect&quot;), with and into Kennedy-Wilson, Inc. (&quot;Kennedy-Wilson&quot;) the reporting person: (a) was granted 3,094 shares of Prospect restricted stock and (b) received 125,536 shares of Prospect common stock in exchange for (i) 28,620 shares of Kennedy-Wilson common stock at an exchange ratio of 3.8031 shares of Prospect common stock for 1 share of Kennedy-Wilson common stock and (ii) 158 shares of Kennedy-Wilson Series A Preferred Stock at an exchange ratio of 105.6412 shares of Prospect common stock for 1 share of Kennedy-Wilson Series A Preferred Stock.  On the effective date of the Merger, November 13, 2009, the closing price of Kennedy-Wilson's common stock was $37.10  per share and the closing price of Prospect's common stock was $9.85  per share.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kent Mouton</signatureName>
        <signatureDate>2009-11-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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