0001225208-13-025794.txt : 20131219
0001225208-13-025794.hdr.sgml : 20131219
20131219173956
ACCESSION NUMBER: 0001225208-13-025794
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20131217
FILED AS OF DATE: 20131219
DATE AS OF CHANGE: 20131219
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC
CENTRAL INDEX KEY: 0000357294
STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531]
IRS NUMBER: 221851059
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
BUSINESS ADDRESS:
STREET 1: 110 WEST FRONT STREET
STREET 2: PO BOX 500
CITY: RED BANK
STATE: NJ
ZIP: 07701
BUSINESS PHONE: 7327477800
MAIL ADDRESS:
STREET 1: 110 WEST FRONT STREET PO BOX 500
STREET 2: 110 WEST FRONT STREET PO BOX 500
CITY: RED BANK
STATE: NJ
ZIP: 07701
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SORSBY J LARRY
CENTRAL INDEX KEY: 0001211054
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08551
FILM NUMBER: 131289192
MAIL ADDRESS:
STREET 1: 10 HIGHWAY 35
STREET 2: P O BOX 500
CITY: RED BANK
STATE: NJ
ZIP: 07701
4
1
doc4.xml
X0306
4
2013-12-17
0000357294
HOVNANIAN ENTERPRISES INC
HOV
0001211054
SORSBY J LARRY
110 WEST FRONT STREET
RED BANK
NJ
07701
1
1
Exec. VP and CFO
Class A Common Stock
2013-12-17
4
A
0
320169.0000
0.0000
A
441971.0000
D
Class A Common Stock
2013-12-17
4
A
0
2500.0000
0.0000
A
444471.0000
D
Class A Common Stock
2013-12-17
4
F
0
176.0000
5.4900
D
444295.0000
D
Employee Stock Option (right to buy)
1.9300
2013-12-17
4
A
0
67500.0000
0.0000
A
2021-06-09
Class A Common Stock
67500.0000
67500.0000
D
The date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied
Represents the number of shares determined to have been earned for the stock portion of the LTIP award based upon the financial performance criteria. The share portion of the LTIP award vests in annual installments, in the amounts set forth in the terms of the award, beginning on October 31, 2013.
The number of securities beneficially owned following the reported transaction reflects the deletion of 2,500 shares of Class A Common Stock relating to a previously reported grant of restricted stock units ("RSUs"). Following the grant, the RSU award was amended to include performance-based conditions to vesting. Consequently, the shares underlying such RSU awards were not considered as beneficially owned until the financial performance criteria were determined to have been satisfied.
The date of the transaction represents the date on which the financial performance criteria of previously granted RSUs were determined to have been satisfied
The date of the transaction represents the date on which the financial performance criteria of previously granted options were determined to have been satisfied
The option, for which the performance criteria have been determined to have been satisfied, vests in four equal annual installments beginning on June 10, 2013
N/A
The number of securities beneficially owned following the reported transaction reflects the deletion of the originally reported grant of the option. Following the grant, the option was amended to include performance-based conditions to vesting. Consequently, the option was not considered beneficially owned until the financial performance criteria were determined to have been satisfied.
Nancy A. Marrazzo Attorney-in-Fact
2013-12-19