SEC Form 4 · accession 0001225208-15-010208

HOVNANIAN ENTERPRISES INC · HOV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Ara K Hovnanian

Officer — Chairman of Bd., Pres. & CEO · Director · 10% Owner

Period of report

Apr 16, 2015

Accepted (ET)

Apr 20, 2015 · 3:28 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000357294

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1	Apr 16, 2015	S	314,937	$3.5652	D	3,057,965	D
Class A Common Stock^F2	holding	—	—		—	194,170	I	Held as trustee of trust for Reporting Person's family
Class A Common Stock^F3,F4	holding	—	—		—	224,907	I	Held as trustee of trusts for Esther K. Barry's family
Class A Common Stock^F3,F5	holding	—	—		—	226,407	I	Held as trustee of trusts for Lucy K. Kalian's family
Class A Common Stock^F3,F6	holding	—	—		—	224,657	I	Held as trustee of trusts for Nadia K. Rodriguez's family
Class A Common Stock^F3,F7	holding	—	—		—	226,407	I	Held as trustee of trusts for Sossie K. Najarian's family
Class A Common Stock^F8	holding	—	—		—	18,000	I	Held by Ara K. Hovnanian Family 1994 long-term trusts
Class A Common Stock	holding	—	—		—	6,700	I	Held by daughter Serena
Class A Common Stock^F9	holding	—	—		—	6,156,543	I	Held by executors for the Estate of Kevork S. Hovnanian
Class A Common Stock	holding	—	—		—	13,974	I	Held by son Alexander
Class A Common Stock^F3,F10	holding	—	—		—	89,099	I	Held by trusts for Esther K. Barry's family
Class A Common Stock^F3,F11	holding	—	—		—	103,319	I	Held by trusts for Lucy K. Kalian's family
Class A Common Stock^F3,F12	holding	—	—		—	18,000	I	Held by trusts for Nadia K. Rodriguez's family
Class A Common Stock^F3,F13	holding	—	—		—	18,000	I	Held by trusts for Sossie K. Najarian's family
Class A Common Stock	holding	—	—		—	16,700	I	Held by wife

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Represents the weighted average sales price for price increments ranging from $3.54 to $3.615. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
F10Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F11Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F12Held by The Nadia K. Rodriquez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F13Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F2Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, through a limited liability company interest in the Hovnanian Family 2012 L.L.C. (the "2012 LLC")
F3The 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
F4Held 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
F5Held 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
F6Held 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
F7Held by trusts for the benefit of the family of Sossie K. Najarian, 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
F8Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
F9Held by Sirwart Hovnanian, Ara K. Hovnanian, Sossie K. Najarian, Esto K. Barry, Lucy K. Kalian and Nadia K. Rodriguez, Executors of the Estate of Kevork S. Hovnanian, Deceased (the "Executors"). The reporting person is special purpose Executor with respect to investments in securities of the Issuer.