SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ORLEANS JEFFREY P
(Last) (First) (Middle)
C/O ORLEANS HOMEBUILDERS, INC.
3333 STREET ROAD, SUITE 101
(Street)
BENSALEM PA 19020
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ORLEANS HOMEBUILDERS INC [ OHB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/05/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/05/2008 J 6,188(1) D $0 11,221,744(2) D
Common Stock 424,538 I By Children(3)
Common Stock 5,000 I By Corporation(4)
Common Stock 175 I By Trust(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Non-pro rata distribution from 16A Associates, L.P. (of which the Reporting Person is a majority partner) ("16A Associates"). (See Remarks.)
2. Includes 14,616 shares received as a distribution from 16A Associates. In prior reports, the Reporting Person reported indirect beneficial ownership of 42,000 shares held by 16A Associates. (See Remarks.)
3. Shares held in trust for the benefit of the Reporting Person's dependent children. The Reporting Person disclaims beneficial ownership of all securities held by or in trust for the benefit of his dependent children. Includes 18,256 shares received as a distribution from 16A Associates. (See Remarks.)
4. The Reporting Person has a 50% interest in Mainard, Inc., which holds 10,000 shares.
5. While the Reporting Person and another person serve as co-trustees, the Reporting Person disclaims beneficial ownership of the shares held by or in trust for the Reporting Person's brother-in-law.
Remarks:
Previously, the Reporting Person reported indirect beneficial ownership of 42,000 shares held by 16A Associates, L.P. ("16A Associates"), of which the Reporting Person is a majority partner. The limited partners of 16A Associates are the Reporting Person, one adult, non-dependent child of the Reporting Person and trusts for the benefit of two of the Reporting Person's children. 16A Associates distributed all 42,000 shares to its partners on a non-pro rata basis. The Reporting Person received 14,616 shares, each trust received 9,128 shares and the Reporting Person's adult, non-dependent child received 9,128 shares. As the Reporting Person and the trusts received less than the number of shares they would have received in the aggregate had the shares been distributed on a pro rata basis, the difference between the amount of shares the Reporting Person and the trusts would have received if the shares had been distributed on a pro rata basis and the number of shares actually received is reported as a disposition by the Reporting Person.
Michael E. Plunkett by Power of Attorney 02/07/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.