SEC Form 4 · accession 0001225208-18-010562

HOVNANIAN ENTERPRISES INC · HOV

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

Reporting owner

Officer — Exec. VP and CFO · Director

Period of report

Jun 8, 2018

Accepted (ET)

Jun 12, 2018 · 5:22 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, 2018	M	17,131	$0.00	A	456,307	D
Class A Common Stock	Jun 11, 2018	F	7,981	$2.01	D	448,326	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F2	$2.44	Jun 8, 2018	A	250,000	A	Jun 8, 2022	Jun 7, 2028	Class A Common Stock	250,000	250,000	D
Market Share Units^F3,F4,F5	—	Jun 8, 2018	A	85,000	A	—	Jun 8, 2023	Class A Common Stock	85,000	85,000	D
Market Share Units^F3,F6	—	Jun 10, 2018	M	15,000	D	—	Jun 10, 2021	Class A Common Stock	15,000	45,000	D

F1On June 10, 2018 15,000 Market Share Units vested and converted into 17,131 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), pursuant to the terms of the award granted on June 10, 2016
F2N/A
F3Converts to Class A Common Stock on a one-for-one basis
F4The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 8, 2020
F5The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period
F6The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 10, 2018