0001225208-17-018903.txt : 20171219
0001225208-17-018903.hdr.sgml : 20171219
20171219164023
ACCESSION NUMBER: 0001225208-17-018903
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171215
FILED AS OF DATE: 20171219
DATE AS OF CHANGE: 20171219
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: 171264468
MAIL ADDRESS:
STREET 1: 10 HIGHWAY 35
STREET 2: PO BOX 500
CITY: RED BANK
STATE: NJ
ZIP: 07701
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
4
1
doc4.xml
X0306
4
2017-12-15
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
Market Share Units (Performance)
2017-12-15
4
A
0
282232.0000
0.0000
A
2020-06-12
Class A Common Stock
282232.0000
282232.0000
D
Shares of Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), received upon vesting are immediately convertible into Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis
The date of the transaction represents the date on which the financial performance criteria of previously granted Market Share Units were determined to have been satisfied
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, 2018, June 12, 2018, June 12, 2019 and June 12, 2020
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.
The number of shares of Class B Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 175% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period
Nancy A. Marrazzo Attorney-in-Fact
2017-12-19