SEC Form 4 · accession 0001225208-16-024044
HOVNANIAN ENTERPRISES INC · HOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent Pagano Jr.
Director
Period of report
Jan 8, 2016
Accepted (ET)
Jan 12, 2016 · 4:47 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock Units Payout 2020F1,F2 | — | Jan 8, 2016 | A | 17,187 | A | — | — | Class A Common Stock | 17,187 | 22,050 | D |
Explanation of responses
- F11-for-1
- F2Payout to be made on January 1, 2020 or upon the occurrence of certain other events set forth under the terms of Deferred Compensation Plan. The portion of the phantom stock account attributable to share deferrals will be paid out in shares. The portion of the phantom stock account attributable to cash deferrals will be paid out in cash and the reporting person may transfer this portion of his phantom stock account into an alternative investment account at any time.