| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HOV | Performance Share Units (2021) | Award | $0 | +22.4K | $0.00 | 22.4K | Jun 11, 2021 | Class A Common Stock | 22.4K | Direct | F1, F2, F3, F4 | ||
| transaction | HOV | Class B Common Stock | Options Exercise | $0 | +18K | +16.67% | $0.00 | 126K | Jun 14, 2021 | Class A Common Stock | 18K | Direct | F5, F6, F7 | |
| transaction | HOV | Class B Common Stock | Tax liability | -$628K | -7.08K | -5.62% | $88.69 | 119K | Jun 14, 2021 | Class A Common Stock | 7.08K | Direct | F5, F7 | |
| transaction | HOV | Market Share Units | Options Exercise | $0 | -9K | -25% | $0.00 | 27K | Jun 14, 2021 | Class A Common Stock | 9K | Direct | F6, F8, F9, F10, F11 | |
| holding | HOV | Class B Common Stock | 5.33K | Jun 11, 2021 | Class A Common Stock | 5.33K | Held as trustee for daughter Serena | F5, F7 | ||||||
| holding | HOV | Class B Common Stock | 5.33K | Jun 11, 2021 | Class A Common Stock | 5.33K | Held as trustee for son Alexander | F5, F7 | ||||||
| holding | HOV | Class B Common Stock | 160 | Jun 11, 2021 | Class A Common Stock | 160 | Held as trustee of the Alexander Hovnanian Trust | F5, F7 | ||||||
| holding | HOV | Class B Common Stock | 160 | Jun 11, 2021 | Class A Common Stock | 160 | Held as trustee of the Alton Hovnanian Trust | F5, F7 | ||||||
| holding | HOV | Class B Common Stock | 163K | Jun 11, 2021 | Class A Common Stock | 163K | Held as trustee of trust for Reporting Person's family | F5, F7, F12 | ||||||
| holding | HOV | Class B Common Stock | 31.1K | Jun 11, 2021 | Class A Common Stock | 31.1K | Held as trustee of trusts for Esther K. Barry's family | F5, F7, F13, F14 | ||||||
| holding | HOV | Class B Common Stock | 31.1K | Jun 11, 2021 | Class A Common Stock | 31.1K | Held as trustee of trusts for Lucy K. Kalian's family | F5, F7, F13, F15 | ||||||
| holding | HOV | Class B Common Stock | 31.1K | Jun 11, 2021 | Class A Common Stock | 31.1K | Held as trustee of trusts for Nadia K. Rodriguez's family | F5, F7, F13, F16 | ||||||
| holding | HOV | Class B Common Stock | 31.1K | Jun 11, 2021 | Class A Common Stock | 31.1K | Held as trustee of trusts for Sossie K. Najarian's family | F5, F7, F13, F17 | ||||||
| holding | HOV | Class B Common Stock | 56.8K | Jun 11, 2021 | Class A Common Stock | 56.8K | Held by Ara K. Hovnanian Family 1994 long-term trusts | F5, F7, F18 | ||||||
| holding | HOV | Class B Common Stock | 5.13K | Jun 11, 2021 | Class A Common Stock | 5.13K | Held by Reporting Person through partnership interests in the Limited Partnership. | F5, F7 | ||||||
| holding | HOV | Class B Common Stock | 38.7K | Jun 11, 2021 | Class A Common Stock | 38.7K | Held by trusts for Esther K. Barry's family | F5, F7, F13, F19 | ||||||
| holding | HOV | Class B Common Stock | 42K | Jun 11, 2021 | Class A Common Stock | 42K | Held by trusts for Kevork S. Hovnanian's family | F5, F7, F13, F20 | ||||||
| holding | HOV | Class B Common Stock | 38.8K | Jun 11, 2021 | Class A Common Stock | 38.8K | Held by trusts for Lucy K. Kalian's family | F5, F7, F13, F21 | ||||||
| holding | HOV | Class B Common Stock | 22.8K | Jun 11, 2021 | Class A Common Stock | 22.8K | Held by trusts for Nadia K. Rodriguez's family | F5, F7, F13, F22 | ||||||
| holding | HOV | Class B Common Stock | 33.3K | Jun 11, 2021 | Class A Common Stock | 33.3K | Held by trusts for Sossie K. Najarian's family | F5, F7, F13, F23 | ||||||
| holding | HOV | Class B Common Stock | 812 | Jun 11, 2021 | Class A Common Stock | 812 | Held by wife | F5, F7 |
| Id | Content |
|---|---|
| F1 | Vested Performance Share Units convert into Class B Common Stock (as defined below) on a one-for-one basis |
| F2 | These Performance Share Units vest based on satisfaction of service vesting conditions through June 11, 2024 to the extent of the achievement of specified performance criteria over a performance period ending on April 30, 2022 |
| F3 | Upon, and to the extent of, vesting of the Performance Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock (as defined below) on a one-for-one basis. |
| F4 | The number of shares of Class B Common Stock that would be received upon vesting of the Performance Share Units will vary from 50% to 200% of the number shown depending on the achievement of certain performance criteria during the relevant performance period |
| F5 | The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") |
| F6 | On June 14, 2021, 9,000 Market Share Units vested and converted into 18,000 shares of Class B Common Stock pursuant to the terms of the award granted on June 14, 2019 |
| F7 | No expiration date |
| F8 | Shares of Class B Common Stock received upon vesting convert to Class A Common Stock on a one-for-one basis |
| F9 | The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 14, 2021 |
| F10 | Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock. |
| F11 | The number of shares of Class B Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period |
| F12 | Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC") |
| F13 | The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose |
| F14 | Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC |
| F15 | Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC |
| F16 | Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC |
| F17 | Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC |
| F18 | Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") |
| F19 | Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership |
| F20 | Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest |
| F21 | Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership |
| F22 | Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership |
| F23 | Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership |