0001225208-17-011331.txt : 20170614
0001225208-17-011331.hdr.sgml : 20170614
20170614172158
ACCESSION NUMBER: 0001225208-17-011331
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170612
FILED AS OF DATE: 20170614
DATE AS OF CHANGE: 20170614
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: HOVNANIAN ARA K
CENTRAL INDEX KEY: 0000938549
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08551
FILM NUMBER: 17911903
MAIL ADDRESS:
STREET 1: 10 HIGHWAY 35
STREET 2: PO BOX 500
CITY: RED BANK
STATE: NJ
ZIP: 07701
4
1
doc4.xml
X0306
4
2017-06-12
0000357294
HOVNANIAN ENTERPRISES INC
HOV
0000938549
HOVNANIAN ARA K
110 WEST FRONT STREET
RED BANK
NJ
07701
1
1
1
Chairman of Bd., Pres. & CEO
Class B Common Stock
2017-06-12
4
M
0
55836.0000
0.0000
A
Class A Common Stock
55836.0000
1399140.0000
D
Class B Common Stock
2017-06-12
4
F
0
31168.0000
2.2400
D
Class A Common Stock
31168.0000
1367972.0000
D
Market Share Units
2017-06-12
4
M
0
75000.0000
0.0000
D
2020-06-12
Class A Common Stock
75000.0000
225000.0000
D
Class B Common Stock
2017-06-13
4
M
0
38908.0000
0.0000
A
Class A Common Stock
38908.0000
1406880.0000
D
Class B Common Stock
2017-06-13
4
M
0
38908.0000
0.0000
A
Class A Common Stock
38908.0000
1445788.0000
D
Class B Common Stock
2017-06-13
4
F
0
43438.0000
2.2500
D
Class A Common Stock
43438.0000
1402350.0000
D
Market Share Units
2017-06-13
4
M
0
75000.0000
0.0000
D
Class A Common Stock
75000.0000
150000.0000
D
Market Share Units
2017-06-13
4
M
0
75000.0000
0.0000
D
2019-06-13
Class A Common Stock
75000.0000
150000.0000
D
Class B Common Stock
Class A Common Stock
133210.0000
133210.0000
I
Held as trustee for daughter Serena
Class B Common Stock
Class A Common Stock
133210.0000
133210.0000
I
Held as trustee for son Alexander
Class B Common Stock
Class A Common Stock
2204378.0000
2204378.0000
I
Held as trustee of the 2012 Marital Trust
Class B Common Stock
Class A Common Stock
4000.0000
4000.0000
I
Held as trustee of the Alexander Hovnanian Trust
Class B Common Stock
Class A Common Stock
4000.0000
4000.0000
I
Held as trustee of the Alton Hovnanian Trust
Class B Common Stock
Class A Common Stock
776679.0000
776679.0000
I
Held as trustee of trust for Reporting Person's family
Class B Common Stock
Class A Common Stock
776679.0000
776679.0000
I
Held as trustee of trusts for Esther K. Barry's family
Class B Common Stock
Class A Common Stock
776679.0000
776679.0000
I
Held as trustee of trusts for Lucy K. Kalian's family
Class B Common Stock
Class A Common Stock
776679.0000
776679.0000
I
Held as trustee of trusts for Nadia K. Rodriguez's family
Class B Common Stock
Class A Common Stock
776679.0000
776679.0000
I
Held as trustee of trusts for Sossie K. Najarian's family
Class B Common Stock
Class A Common Stock
1328509.9900
1328509.9900
I
Held by Ara K. Hovnanian Family 1994 long-term trusts
Class B Common Stock
Class A Common Stock
150150.0000
150150.0000
I
Held by daughter Serena
Class B Common Stock
Class A Common Stock
128132.0000
128132.0000
I
Held by Reporting Person through partnership interests in the Limited Partnership.
Class B Common Stock
Class A Common Stock
877266.0100
877266.0100
I
Held by trusts for Esther K. Barry's family
Class B Common Stock
Class A Common Stock
1050873.0000
1050873.0000
I
Held by trusts for Kevork S. Hovnanian's family
Class B Common Stock
Class A Common Stock
878295.0700
878295.0700
I
Held by trusts for Lucy K. Kalian's family
Class B Common Stock
Class A Common Stock
480078.5900
480078.5900
I
Held by trusts for Nadia K. Rodriguez's family
Class B Common Stock
Class A Common Stock
740257.0700
740257.0700
I
Held by trusts for Sossie K. Najarian's family
Class B Common Stock
Class A Common Stock
20300.0000
20300.0000
I
Held by wife
The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
On June 12, 2017, 75,000 Market Share Units vested and converted into 55,836 shares of Class B Common Stock pursuant to the terms of the award granted on June 12, 2015
No expiration date
Shares of Class B Common Stock received upon vesting convert to Class A Common Stock on a one-for-one basis
The 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 12, 2017
Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock.
On June 13, 2017, 75,000 Market Share Units vested and converted into 38,908 shares of Class B Common Stock pursuant to the terms of the award granted on June 13, 2014
On June 13, 2017, 75,000 Market Share Units vested and converted into 38,908 shares of Class B Common Stock pursuant to the terms of the award granted on June 13, 2014 that was subject to additional financial performance criteria that was determined to have been satisfied on December 15, 2016
The 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 on the following vesting dates: January 1, 2017, June 13, 2017, June 13, 2018 and June 13, 2019
This amount reflects the forfeiture of Market Share Units, without any vesting, that occurred in previous years pursuant to the terms of the award
The 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 13, 2016
Held 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")
Held 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.
The 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
Held 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
Held 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
Held 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
Held 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
Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership")
Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
Nancy A. Marrazzo Attorney-in-Fact
2017-06-14