I have a K10D,
Short answer is No it will NOT,
what you get is a flashing back screen, you cannot change any features or settings.
I have tried Sigma and Kenko (x1.5/x1.4/x2) converters, bought and sent back.
My Advice if you see a converter in a Shop, get them to check it on a Pentax body with the Bigma
I have written to Sigma, they say they have not considered to make a convertor that fits Pentax for this Lens
Kenko said same ( possibly waiting for someone to develop before bringing out a cheaper alternative)
Have Emailed Pentax to Beg them to make one, if they get a lot of enquires they may make it for us.
I am using a Panagor 2x convertor as it has no contacts to cause problems.
Regards
waddoJohn