SEC Form 5 · accession 0001225208-17-017778

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

Oct 31, 2017

Accepted (ET)

Nov 30, 2017 · 4:07 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^F2	Dec 23, 2016	W	1,705,259	$0.00	D	0	I	Held by executors for the Estate of Kevork S. Hovnanian
Class A Common Stock	holding	—	—		—	3,057,965	D
Class A Common Stock^F3	holding	—	—		—	3,075,138	I	Held as trustee of the 2012 Marital Trust
Class A Common Stock^F4	holding	—	—		—	194,170	I	Held as trustee of trust for Reporting Person's family
Class A Common Stock^F5,F6	holding	—	—		—	224,907	I	Held as trustee of trusts for Esther K. Barry's family
Class A Common Stock^F5,F7	holding	—	—		—	226,407	I	Held as trustee of trusts for Lucy K. Kalian's family
Class A Common Stock^F5,F8	holding	—	—		—	224,657	I	Held as trustee of trusts for Nadia K. Rodriguez's family
Class A Common Stock^F5,F9	holding	—	—		—	226,407	I	Held as trustee of trusts for Sossie K. Najarian's family
Class A Common Stock^F10	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^F5,F11	holding	—	—		—	89,099	I	Held by trusts for Esther K. Barry's family
Class A Common Stock^F5,F12	holding	—	—		—	103,319	I	Held by trusts for Lucy K. Kalian's family
Class A Common Stock^F5,F13	holding	—	—		—	18,000	I	Held by trusts for Nadia K. Rodriguez's family
Class A Common Stock^F5,F14	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

F1On December 23, 2016, the executors of the estate of Kevork S. Hovnanian transferred 1,705,259 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") to Sirwart Hovnanian pursuant to the terms of the Will of Kevork S. Hovnanian, deceased
F10Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
F11Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F12Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F13Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
F14Held 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 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.
F3Held 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")
F4Held 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.
F5The 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
F6Held 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
F7Held 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
F8Held 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
F9Held 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

Remarks

The Reporting Person no longer has a reportable beneficial interest in the Class A Common Stock owned by his son that were included in the Reporting Person's prior Section 16 ownership reports.