SEC Form 4 · accession 0001225208-15-022185

HOVNANIAN ENTERPRISES INC · HOV

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

Reporting owner

Other

Period of report

Oct 29, 2015

Accepted (ET)

Dec 11, 2015 · 4:46 pm EST

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	Oct 29, 2015	W	1,376,146	$0.00	A	1,816,146	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F2,F4	—	Oct 30, 2015	G	293,906	A	—	—	Class A Common Stock	293,906	311,748	I
Class B Common Stock^F2,F4	—	Oct 30, 2015	G	293,906	D	—	—	Class A Common Stock	293,906	17,842	I

F1On October 29, 2015, the executors of the estate of Kevork S. Hovnanian transferred 1,376,146 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") to the Reporting Person pursuant to the terms of the Will of Kevork S. Hovnanian, deceased. The 1,376,146 shares of Class A Common Stock reported herein were then immediately transferred by the Reporting Person to a grantor retained annuity trust of which the Reporting Person is the sole trustee and annuitant.
F2The 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.
F3The Sirwart Hovnanian 1994 Marital Trust transferred general partnership and limited partnership units of the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") to the Reporting Person, who immediately transferred such units to trusts for the benefit of family members of children of Kevork S. Hovnanian. These units relate to shares of Class B Common Stock.
F4No expiration date