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