SEC Form 4 · accession 0001225208-16-023420

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

Jan 1, 2016

Accepted (ET)

Jan 5, 2016 · 3:28 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000357294

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F1,F2	—	Dec 23, 2015	G	50,000	D	—	—	Class A Common Stock	50,000	1,277,861	D
Class B Common Stock^F1,F2	—	Jan 1, 2016	M	341,741	A	—	—	Class A Common Stock	341,741	1,619,602	D
Phantom Stock Units Payout 2016 Class B^F3,F4,F5	—	Jan 1, 2016	M	341,741	D	—	—	Class A Common Stock	341,741	0	D
Class B Common Stock^F1,F2	—	Jan 4, 2016	F	132,837	D	—	—	Class A Common Stock	132,837	1,486,765	D
Class B Common Stock^F1,F2	—	Dec 23, 2015	G	35,000	A	—	—	Class A Common Stock	35,000	115,150	I
Class B Common Stock^F1,F2	—	Dec 23, 2015	G	15,000	A	—	—	Class A Common Stock	15,000	109,824	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	133,210	133,210	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	133,210	133,210	I
Class B Common Stock^F6,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	2,204,378	2,204,378	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	4,000	4,000	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	4,000	4,000	I
Class B Common Stock^F7,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	776,679	776,679	I
Class B Common Stock^F8,F9,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	776,679	776,679	I
Class B Common Stock^F8,F10,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	776,679	776,679	I
Class B Common Stock^F8,F11,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	776,679	776,679	I
Class B Common Stock^F8,F12,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	776,679	776,679	I
Class B Common Stock^F13,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	1,241,357	1,241,357	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	128,132	128,132	I
Class B Common Stock^F8,F14,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	693,354	693,354	I
Class B Common Stock^F8,F15,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	1,050,873	1,050,873	I
Class B Common Stock^F8,F16,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	742,763	742,763	I
Class B Common Stock^F8,F17,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	392,926	392,926	I
Class B Common Stock^F8,F18,F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	570,929	570,929	I
Class B Common Stock^F1,F2	—	holding	—	—	—	—	—	Class A Common Stock	20,300	20,300	I

Explanation of responses

F1The 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")
F10Held 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
F11Held 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
F12Held 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
F13Held 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")
F14Held 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
F15Held 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
F16Held 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
F17Held 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
F18Held 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
F2No expiration date
F3Converts to Class B Common Stock on a one-for-one basis
F4Payout to be made on January 1, 2016, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan
F5Upon distribution of the Phantom Stock Units, shares of Class B Common Stock would be distributed. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock.
F6Held by the 2012 Marital Trust, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the Hovnanian Family 2012 L.L.C. (the "2012 LLC")
F7Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, through a limited liability company interest in the 2012 L.L.C.
F8The 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
F9Held 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