SEC Form 4 · accession 0001225208-16-035040
HOVNANIAN ENTERPRISES INC · HOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent Pagano Jr.
Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 4:36 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 | Jun 10, 2016 | A | 37,234 | $0.00 | A | 148,922 | D | |
| Class A Common StockF1 | Jun 12, 2016 | D | 9,988 | $0.00 | D | 138,934 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3,F2 | $1.70 | Jun 10, 2016 | A | 50,356 | A | — | Jun 9, 2026 | Class A Common Stock | 50,356 | 50,356 | D |
| Phantom Stock Units Payout 2022F1,F4,F5 | — | Jun 12, 2016 | A | 9,988 | A | — | — | Class A Common Stock | 9,988 | 9,988 | D |
Explanation of responses
- F1Upon the vesting of restricted stock units granted to the reporting person on June 12, 2015 and pursuant to the reporting person's prior election, the receipt of 9,988 shares of Class A Common Stock was deferred and the reporting person received instead 9,988 shares of phantom stock units pursuant to the Deferred Compensation Plan
- F2The option vests in three equal annual installments beginning on June 10, 2017
- F3N/A
- F41-for-1
- F5Payout to be made on January 1, 2022, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan.