Ara K. Hovnanian - 31 Aug 2021 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Signature
Elizabeth D. Tice Attorney-in-Fact
Issuer symbol
HOV
Transactions as of
31 Aug 2021
Net transactions value
$0
Form type
4
Filing time
01 Sep 2021, 18:39:06 UTC
Previous filing
03 Aug 2021
Next filing
02 Nov 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOV Class B Common Stock Award $0 +190,000 +160% $0.000000 308,910 31 Aug 2021 Class A Common Stock 190,000 Direct F1, F2, F3, F4, F5
holding HOV Class B Common Stock 5,328 31 Aug 2021 Class A Common Stock 5,328 Held as trustee for daughter Serena F1, F5
holding HOV Class B Common Stock 5,328 31 Aug 2021 Class A Common Stock 5,328 Held as trustee for son Alexander F1, F5
holding HOV Class B Common Stock 160 31 Aug 2021 Class A Common Stock 160 Held as trustee of the Alexander Hovnanian Trust F1, F5
holding HOV Class B Common Stock 160 31 Aug 2021 Class A Common Stock 160 Held as trustee of the Alton Hovnanian Trust F1, F5
holding HOV Class B Common Stock 163,220 31 Aug 2021 Class A Common Stock 163,220 Held as trustee of trust for Reporting Person's family F1, F5, F6
holding HOV Class B Common Stock 31,067 31 Aug 2021 Class A Common Stock 31,067 Held as trustee of trusts for Esther K. Barry's family F1, F5, F7, F8
holding HOV Class B Common Stock 31,067 31 Aug 2021 Class A Common Stock 31,067 Held as trustee of trusts for Lucy K. Kalian's family F1, F5, F7, F9
holding HOV Class B Common Stock 31,067 31 Aug 2021 Class A Common Stock 31,067 Held as trustee of trusts for Nadia K. Rodriguez's family F1, F5, F7, F10
holding HOV Class B Common Stock 31,067 31 Aug 2021 Class A Common Stock 31,067 Held as trustee of trusts for Sossie K. Najarian's family F1, F5, F7, F11
holding HOV Class B Common Stock 56,786 31 Aug 2021 Class A Common Stock 56,786 Held by Ara K. Hovnanian Family 1994 long-term trusts F1, F5, F12
holding HOV Class B Common Stock 5,125 31 Aug 2021 Class A Common Stock 5,125 Held by Reporting Person through partnership interests in the Limited Partnership. F1, F5
holding HOV Class B Common Stock 38,737 31 Aug 2021 Class A Common Stock 38,737 Held by trusts for Esther K. Barry's family F1, F5, F7, F13
holding HOV Class B Common Stock 42,035 31 Aug 2021 Class A Common Stock 42,035 Held by trusts for Kevork S. Hovnanian's family F1, F5, F7, F14
holding HOV Class B Common Stock 38,778 31 Aug 2021 Class A Common Stock 38,778 Held by trusts for Lucy K. Kalian's family F1, F5, F7, F15
holding HOV Class B Common Stock 22,849 31 Aug 2021 Class A Common Stock 22,849 Held by trusts for Nadia K. Rodriguez's family F1, F5, F7, F16
holding HOV Class B Common Stock 33,256 31 Aug 2021 Class A Common Stock 33,256 Held by trusts for Sossie K. Najarian's family F1, F5, F7, F17
holding HOV Class B Common Stock 812 31 Aug 2021 Class A Common Stock 812 Held by wife F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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")
F2 The date of the transaction represents the date on which the financial performance criteria of a previously granted performance share unit award were determined to have been satisfied.
F3 Represents the number of shares determined to have been earned under the performance share unit award.
F4 The earned portion of the performance share unit award vests 25% on each of June 12, 2022, 2023, 2024 and 2025 and will be delivered in shares of Class B Common Stock on the date that is two years following each respective vesting date, subject to earlier vesting and delivery upon the occurrence of certain qualified termination events.
F5 No expiration date
F6 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")
F7 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
F8 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
F9 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
F10 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
F11 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
F12 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")
F13 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
F14 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
F15 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
F16 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
F17 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

Remarks:

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